KID United Kingdom

The KIDs are reviewed once a year. Please consult and use the latest version available on our website (www.baloise-international.lu/kid). If the KID or the website is unavailable, we invite you to contact us at the following address: priips@baloise.lu.

SOFT and HARD CLOSE

A Soft close is a term used when the fund is closed to new subscriptions, until further notice. The soft close is intended to limit subscriptions but the fund remains open to subscriptions within the scope of planned payments. 
Hard close where the fund is closed to both subscriptions and planned payments. In general, funds impacted by soft close or hard close are equity funds invested in small and mid-cap companies. The closure protects the interests of unitholders. 

ETF

An exchange-traded fund (ETF) is a type of security that involves a collection of securities—such as stocks—that often tracks an underlying index although they can invest in any number of industry sectors or use various strategies. ETFs are in many ways similar to mutual funds; however, they are listed on exchanges and ETF shares trade throughout the day just like ordinary stock. ETF funds can be in multiple currencies.

ESG

Environmental, social and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. Environmental criteria consider how a company performs as a steward of nature. Social criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. Governance deals with a company’s leadership, executive pay, audits, internal controls, and shareholder rights.