24.05.2013 Analysis notification – Certificates
Allianz and Adidas most favorite underlyings
Client Sales Flow Report: Reverse Convertibles on Allianz are client’s favorites. Also demand on Discount Certificates on Adidas and Deutsche Börse is high.
24.05.2013 Analysis notification – Investment funds
MENA-funds could not yet persuade
Private investors can profit with mutual funds from the recovery in the Arab states. In the past 5 years, the performance of funds focusing on this region was though not convincing – as a report carried out by Scope shows.
21.05.2013 Analysis notification – Certificates
Scope welcomes new IOSCO regulation proposals
Scope has analyzed the new regulation proposals submitted by IOSCO (International Organization of Securities Commissions) and their expected impact. Result: New proposals would contribute to more transparency and higher returns for retail investors.
17.05.2013 Analysis notification – Investment funds
Fund risks: Germany with lowest volatility
Despite rising stock market prices, the volatilities in equity markets are still high. Especially precious metal funds show high deviations. However, German mutual funds display low-risk.
17.05.2013 Analysis notification – Closed-end funds
Real estate funds with moderate credit quotas
The implementation of the AIFM Directive limits the debt ratio of closed-end funds to 60 percent. Scope has examined real estate funds presently being issued. Result: The majority of the investments already meet the requirement.
17.05.2013 Analysis notification – Certificates
E.ON and Allianz are client’s favorites
Client Sales Flow Report: Reverse Convertibles on E.ON are client’s favorites. Also demand on Discount Certificates on Allianz is high.
16.05.2013 Management rating – Closed-end funds
Scope suspends management rating of DSG
Scope suspends management rating of DSG Deutsche Solargesellschaft (A-)
16.05.2013 Analysis notification – Certificates
LBBW and Deutsche Bank with best pricing
Scope regularly analyzes reverse convertibles, discount and bonus certificates on the Euro Stoxx 50. The current results show large differences in the issuer's pricing. However, these differences have a major impact on the success of the investment.
10.05.2013 Analysis notification – Investment funds
Small Caps with an attractive risk-return profile
Scope has examined the historical risk-adjusted returns of funds focusing on small and mid caps within the European equity market. Compared to large caps, small caps showed a significantly better long-term risk-return relation.
08.05.2013 Investment rating – Closed-end funds
Leonidas XII – Wind France rated BBB
Scope rated the closed-end wind fund Leonidas XII – Wind France with BBB. The outlook is stable. Within the peer group the fund belongs to the average rated investments.
About Scope
With EUR 1,200 billion analysed assets in 2011, SCOPE is one of Europe’s leading independent rating agencies. The group has specialised in the rating of corporations, bonds, funds and certificates. The services of the agency support over 900 financial institutions from 18 countries in the granting of credits, the selection and examination of investments, and the risk monitoring of their portfolios.
Further information
Credit Rating
In Credit Rating Scope has specialised in evaluating the economic stability and/or default probability of corporations, corporate bonds, and asset based bonds.
The range of services extends from compact, purely quantitative financial strength analysis resulting in non-official preliminary ratings to full-scale rating analyses including management interviews on-site at the rating object.
Investment Rating
In the area of Investment Rating, Scope analyses the relation of expected return to expected risk in terms of expected volatility of closed-end funds, open-ended real estate funds, and other asset based funds focused on real assets, as well as mutual funds, and investment certificates.
The range of services extends from purely private, preliminary ratings to the monitoring of asset portfolios.
Management Rating
The Management Rating assesses the quality of management companies in their function as a service provider towards their contractors.
Scope evaluates to what extent the company seizes opportunities and avoids risks towards investors and other third parties. In its assessment Scope evaluates the corporate structure, management competence and the company’s historical performance.