Index Detail Page

Vor- und Nachteile im Überblick

Wachstumsorientierung

Der MS Value Protect CHF Index strebt eine maximale Partizipation am Aktienmarkt bei gleichzeitiger Sicherheit an. Die zugrunde liegende Investmentstrategie investiert in zwei Portfolios: das Kernportfolio, bestehend aus dem Solactive Sustainable Value Index AR, und das Kontrollportfolio, bestehend aus dem Schweizer Franken Geldmarkt.

Risikokontrolle

Die Investmentstrategie des MS Value Protect CHF Index orientiert sich an einer Zielvolatilität von 5%. Erreicht das Kernportfolio eine Volatilität von mehr als 5%, findet eine Umschichtung in das Kontrollportfolio statt.

Gewinn-Lock-in

Als fester Bestandteil des Index stellt diese Anlage- komponente sicher, dass der Index nie unter sein Absicherungsniveau fallen kann. Bei Lancierung des Index ist das Absicherungsniveau als ein Prozentsatz des Anfangsstands, nämlich 90% definiert. Der Indexstand wird vierteljährlich beobachtet und die Wertentwicklung zu 90% gesichert, wenn der MS Value Protect CHF Index zum jeweiligen Quartalsende einen neuen Höchststand erreicht.

Dynamische Anpassung

Die Portfoliogewichtung wird täglich angepasst, um auf aktuelle und sich ändernde Marktbedingungen zu reagieren.

Anlagekomponente zur Gewinnabsicherung

Der Gewinn-Lock-in des MS Value Protect CHF Index wird durch den Einsatz eines Finanzins- truments (sog. Derivat) erreicht und ist mit Kosten verbunden. In seitwärts tendierenden oder steigenden Märkten wird die Rendite eines Index mit Gewinnabsicherung geringer ausfallen als bei einem Index ohne Gewinnabsicherung.

Integrierte Kosten reduzieren die Wertentwicklung des Index

Transaktions- und Finanzierungskosten, die durch Gewichtsanpassungen oder das Halten der Anlagen entstehen und die Wertentwicklung des Index verringern, sind bereits im Index enthalten.

Währungsschutz

Der MS Value Protect CHF Index wird in Schweizer Franken und das Kernportfolio in Euro berechnet. Der MS Value Protect CHF Index ist weitgehend gegen Wechselkursrisiken zwischen diesen beiden Währungen geschützt. Die Intraday-Renditen des Kernportfolios sind jedoch nach wie vor Wechselkursschwankungen zwischen diesen beiden Währungen ausgesetzt, die nicht beseitigt werden können.

Excess Return Berechnung

Der MS Value Protect CHF Index berücksichtigt keine Zinserträge aus der Geldmarktkomponente in Schweizer Franken.

Historische Simulation der Indexentwicklung

Der Index wird am 17. Juni 2022 (Starttag) aufgelegt werden. Alle vorherigen Daten zur Wertentwicklung des MS Value Protect CHF Index basieren auf simulierten historischen Wertentwicklungen. Die historische Wertentwicklung (realisiert oder simuliert) ist kein Indikator für die zukünftige Wertentwicklung.

Wertentwicklung des Index

Es handelt sich um einen quantitativen, regelbasierten Index. Es besteht keine Garantie, dass der Index zukünftige positive Erträge erwirtschaftet. Der Index wird nicht aktiv verwaltet und der Indexwert kann sowohl steigen als auch sinken. Eine Anlage in den Index führt unter Umständen nicht zu den gleichen Erträgen, wie eine direkte Anlage in die Indexkomponenten.

Potenzielle Interessenkonflikte

Morgan Stanley & Co. International plc ist sowohl Indexsponsor als auch Berechnungsstelle. Morgan Stanley & Co. International plc und ihre Tochtergesellschaften können unter Um- ständen an Transaktionen in Bezug auf den Index oder seine Komponenten beteiligt sein. Solche Aktivitäten können sowohl positive als auch negative Auswirkungen auf den Indexwert haben. Elemente der Indexberech- nung beruhen auf nicht-öffentlichen Daten und internen Bewertungen der Morgan Stanley & Co. International plc.

Andere Risiken

Es bestehen weitere Risiken in Bezug auf den Index, welche einen Einfluss auf den Indexwert haben könnten, einschliesslich (aber nicht beschränkt auf) das Wechselkursrisiko, die Rolle der Berechnungsstelle bei der Berechnung des Indexwerts sowie Störungen, die eine Berechnung durch die Berechnungsstelle unmöglich machen.

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