Glossary
- Safety cushion
- Sale in the open market
- Saver's Allowance
- Scale for bonds
- Scale for shares
- Schatz future
- SDAX
- Second Quotation Board
- Secondary market
- Secondary purchase
- Sector fund
- Sector index
- Securities
- Securities account
- Securities exchange
- Securities Trading Act
- Seed phase
- Semiannual report (funds)
- Sensitivity (warrants)
- Settlement
- Share
- Share buy-back
- Share price
- Share register
- Shareholder
- Shareholder rights
- Shareholder value
- Shareholders' record
- Shareholder’s right to information
- Sharpe-Ratio
- Shell corporation
- Short position
- Short sale
- SMAX
- SME Growth Market
- SPAC
- Special fund
- Specialised fund
- Specialized fund
- Spot market
- Spread
- Spread certificate
- Squeeze-out
- Standard deviation
- Startup company
- Startup phase
- Steady
- Stock corporation
- Stock cycle
- Stock exchange
- Stock Exchange Act (Börsengesetz)
- Stock exchange monopoly
- Stock index
- Stock market
- Stock market analysis
- Stock market crash
- Stock option
- Stock option plan
- Stock price
- Stock split
- Stop-buy order
- Stop-limit order
- Stop-loss limit
- Stop-loss order
- Stop-market order
- Stop-sell order
- STOXX Europe 50
- STOXX®
- Strike price
- Subscription
- Subscription period
- Subscription rights
- Support buying
- Support Line
- SWAP
- Switch
- Syndicate
- Syndicate bank
- Synthetic bonds
Share price
The share price of a fund equals the price an investor has to pay or receive for a share of this very fund. When distributions to the shareholders are made, the share value decreases accordingly. The share value of a fund is determined every single trading day by the Custodian with the participation of the investment company. This price equals the the withdrawal price at which withdraws the investment company repurchases its fund shares, it is published together with the issue price.
In order to determine the share price the total value of all securities, commodities or real estate in the fund portfolio is divided by the number of issued shares.
In classical fund trading between issuer and share holder the share price is usually based on the closing price of the previous day, in on-exchange fund trading the share price will be determined continuously by means of reference models. For an exchange-traded index fund, the issuer has to calculate, and publish, a current share price every minute during trading hours and publish. This price is also referred to as an indicative net asset value.
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