The fee payable to the financial advisor of an institution upon purchase of units of a UCI or fund. This party is also called the distributor.
A stock or any other security representing ownership. This security often pays dividends depending on the decision and performance of the company.
An ETF (Exchange Traded Fund), also known as index fund or index tracker, is an investment fund that is traded on the stock exchange. The investment objective of an ETF is tracking an underlying stock index as closely as possible.
An offer by the company to give securities and/or cash in exchange for another security.
This is the date when a share starts trading without the latest declared dividend. If you buy a stock on or after its ex-dividend date, you will not receive the next dividend payment but this will be received by the seller. If you buy the stock before the ex-dividend date, you are entitled to receive the upcoming dividend.
A fee or sales charge imposed when investors sell units in certain investment funds or other investment vehicles. The amount tends to decrease the longer you hold the shares, often to zero after a set period of time, i.e. three or five years. This is typically designed to discourage investors from withdrawing their money too soon. These costs are rare.