Understanding Union Investment’s Daily Prices (Tageskurs)

Union Investment, one of Germany’s largest asset management companies, offers a wide range of investment funds. A key piece of information for investors interested in these funds is the Tageskurs, or daily price. This represents the value of one unit or share of the fund at the close of each business day. Understanding the Tageskurs is crucial for making informed investment decisions.

How the Tageskurs is Calculated

The Tageskurs is essentially the Net Asset Value (NAV) per share of the fund. The NAV is calculated by taking the total value of all the assets held by the fund (stocks, bonds, cash, etc.), subtracting any liabilities (expenses, accrued fees), and dividing the result by the number of outstanding shares. This calculation is performed at the end of the trading day. The resulting figure is the Tageskurs.

Factors influencing the Tageskurs are varied and dependent on the fund’s underlying investments. For equity funds, stock market movements directly impact the Tageskurs. If the stocks held by the fund rise in value, the Tageskurs will generally increase. Conversely, if the stock market falls, the Tageskurs will likely decrease. Similarly, for bond funds, changes in interest rates and credit spreads can affect the value of the bonds held, and therefore the Tageskurs. Economic news, political events, and even currency fluctuations can indirectly impact the Tageskurs by affecting the markets in which the fund invests.

Where to Find the Tageskurs

Union Investment publishes the Tageskurs for all of its funds on its official website. You can typically find this information by searching for the specific fund name or ISIN (International Securities Identification Number). Financial news websites and brokerage platforms also frequently display the Tageskurs for popular funds. It is important to note the date and time of the Tageskurs displayed to ensure you are viewing the most up-to-date information.

Why the Tageskurs Matters

The Tageskurs is essential for:

• Buying and Selling Fund Units: The Tageskurs determines the price at which you buy or sell units of the fund.
• Tracking Investment Performance: By comparing the Tageskurs over time, you can monitor the fund’s performance and assess whether it is meeting your investment goals.
• Calculating Investment Returns: The Tageskurs is used to calculate your gains or losses on the fund.
• Comparing Funds: While not the only factor, the Tageskurs, along with other performance metrics, can be used to compare the relative performance of different funds within a similar category.

It is important to remember that the Tageskurs reflects the fund’s performance up to a specific point in time. Past performance is not indicative of future results. Always consider your own investment objectives, risk tolerance, and consult with a financial advisor before making any investment decisions.

Beyond the Tageskurs

While the Tageskurs provides a snapshot of the fund’s value, it is crucial to consider other factors when evaluating Union Investment funds. These include the fund’s investment strategy, expense ratio, risk profile, and the track record of the fund manager. A comprehensive understanding of these elements will enable you to make more informed decisions and choose funds that align with your individual needs.