A balanced UCITS is a fund in which the allocation of assets is variable and invested according to opportunities in different allocations of assets on the financial markets (equities, bonds, money market, property, futures, etc.) and in different geographical areas (Europe, United States, Asia Pacific, emerging markets, etc.).
An indicator (for example the CAC 40) that enables the level of performance of a portfolio to be understood. It can form an objective for management. It can be composite (a combination of several indices, for equities and bonds for example). See Indices.
Asset management that essentially aims for outperformance against a major market index (CAC 40, S&P, etc.) known as a benchmark index, with limited risk. Performance is generally close to that of the benchmark index.
Obligation on financial intermediaries under the MiFID directive to take all necessary steps, when executing orders on behalf of their customers, to obtain the best result in terms of price, cost, speed, probability of execution and settlement of the order entrusted to them by the customer.