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Financial glossary

P

Portfolio turnover

The portfolio turnover measures the portion of a portfolio that is replaced on a yearly basis. Several methods of calculation exist. This number can be calculated, for example, as the ratio of the number of purchases or sales (whichever is the lesser) compared to the portfolio’s average asset value.

Private Equity

Private equity refers to investment in equities of companies that are not publicly traded on listed markets.

Put option

A put option is a financial contract between two parties where the buyer of the option pays a fee (premium) to have the right, but not the obligation, to sell an agreed quantity of a particular commodity or financial instrument (the underlying) to the seller of the option at a certain time (the expiration date) for a certain price (the strike price.) The seller of the option is then obliged to buy the commodity or financial instrument should the buyer decide to exercise his option.

put-option_glossary

Put option

A put option is a financial contract between two parties where the buyer of the option pays a fee (premium) to have the right, but not the obligation, to sell an agreed quantity of a particular commodity or financial instrument (the underlying) to the seller of the option at a certain time (the expiration date) for a certain price (the strike price.) The seller of the option is then obliged to buy the commodity or financial instrument should the buyer decide to exercise his option.

put-option_glossary

Investments in the aforementioned fund are subject to market fluctuation and risks inherent in investing in securities. The value of investments and the revenue they generate can increase or decrease and it is possible that investors will not recover their initial investment. Source: BNP Paribas Asset Management.

UCITS OFFER NO GUARANTEED RETURNS AND PAST PERFORMANCES DO NOT GUARANTEE FUTURE ONES