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.
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.
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.