A statement, also called an income statement, issued by a company showing its earnings or losses over a given period. The earnings report lists the income earned, expenses and the net result.
EFFICIENT PORTFOLIO MANAGEMENT
An investment technique aimed at either reducing risk, reducing cost or generating additional capital or income with a level of risk consistent with the risk profile of the Sub-Fund.
Emerging markets are typically those of less developed countries with relatively low per capita income, often with above-average economic growth potential but involving greater volatility and higher risks than established markets. For example, countries that are included in indices such as the MSCI Emerging Markets Index.
Equipment trust certificate
A type of security, generally issued by a railroad, to pay for new equipment. Title to the equipment, such as a locomotive, is held by a trustee until the notes are paid off. An equipment trust certificate is usually secured by a first claim on the equipment.
Type of investment that represents an interest in a company. Equity exposure may be achieved through investment in shares, depository receipts, warrants and other participation rights. Equity exposure may also be achieved, to a limited extent, through investment in convertible securities, index and participation notes and equity linked notes.
An agreement to exchange generally a fixed or floating interest rate return for the return on an equity security or equity index.
The ownership interest of common and preferred stockholders in a company. Also refers to excess of value of securities over the debit balance in a margin account.
Bond issued in a currency other than the currency of the country or market in which it is issued.
EVENT DRIVEN STRATEGY
Investment strategy that aims to benefit from the ability to understand the likelihood of an event being completed such as a merger, corporate restructuring or bankruptcy as well as the time frame in which it will occur.
EXCHANGE TRADED COMMODITY
A type of investment that tracks the performance of either individual commodities or commodity indices and which is traded on a stock exchange.
EXCHANGE TRADED FUND
A type of investment that represents a pool of securities which typically track the performance of an index and which is traded on a stock exchange.
A synonym for "without dividend." The buyer of a stock selling ex-dividend does not receive the recently declared dividend. When stocks go ex-dividend, the stock tables include the symbol "x" following the name.
Without the rights. Corporations raising additional money may do so by offering their stockholders the right to subscribe to new or additional stock, usually at a discount from the prevailing market price. The buyer of a stock selling ex-rights is not entitled to the rights.
Risk that rising interest rates will slow the rate at which loans in a pool will be repaid, thereby delaying the repayment of the principal to investors.
The short form of "extra dividend." A dividend in the form of stock or cash in addition to the regular or usual dividend the company has been paying.