Lexicon
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Satellite asset management
Satellite asset management is a differentiating type of asset management that seeks to show additional return with a degree of risk accepted by the customer, moving away from the traditional market indices. This form of asset management requires specific expertise and skills and therefore earns higher management fees than core asset management or indexed asset management.
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Sensitivity
Indicator that measures the percentage of variation, upwards or downwards, of the price of a bond or of the net asset value (NAV) of a bond UCITS, as prompted by a fluctuation of 1% in market interest rates.
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Share
Security representing a fraction of the capital of a company.
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Shareholder
A shareholder is a co-owner of a company in which he or she has invested. He or she participates in General Meetings, is informed about the income statements and receives a dividend.
