Purchase of a unit certificate of the investment fund of a capital management company. At the time of subscription, however, the investor does not yet know the asset value of the fund in which he is buying. This value is only determined after the closing date for subscription, regularly on the next day on the basis of the daily closing prices. This blind subscription at the daily closing price is intended to ensure that no one can exploit an information advantage. – See equity fund, investment committee, investment class, unit certificate, investment diversification, captive fund, securities fund, net asset value, capital management companies, capital discovery procedure, country fund, mutual fund, pension fund, risk monitoring, structured, special fund, tax-saving fund, reinvestment fund, subscription.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/