Investing in 'Sondervermögen' funds in Germany: An analysis of legal structure, regulatory requirements and performance
| Autor: | Cicmil Danica |
|---|---|
| Jazyk: | srbština |
| Rok vydání: | 2023 |
| Předmět: | |
| Zdroj: | Ekonomija: teorija i praksa, Vol 16, Iss 3, Pp 126-139 (2023) |
| Druh dokumentu: | article |
| ISSN: | 2217-5458 2620-0228 |
| DOI: | 10.5937/etp2303126C |
| Popis: | This paper provides an analysis of "Sondervermögen fonds", or special investment funds, in Germany. These funds are structured as separate accounts, providing additional protection for investors, as their assets are legally separate from the assets of the fund manager. The Federal Financial Supervisory Authority (BaFin) regulates "Sondervermögen fonds", ensuring that they are managed responsibly and in compliance with the German Investment Code (Kapitalanlagegesetzbuch or KAGB). The KAGB sets out the legal framework for the operation of "Sondervermögen fonds" and covers various aspects, including authorization, investment restrictions, custody and administration of assets, supervision, and regulatory measures. The paper describes the legal structure, regulatory requirements, and performance of "Sondervermögen fonds", highlighting their advantages over other investment vehicles. "Sondervermögen fonds" have become a significant tool for investors in Germany and are expected to continue playing a crucial role in the country's investment landscape. |
| Databáze: | Directory of Open Access Journals |
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