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Rischi e vantaggi in sintesi

Orientamento verso la rescita

L'indice MS Value Protect CHF Index mira a massimizzare la partecipazione al mercato azionario fornendo al contempo sicurezza. La strategia d'investimento sottostante investe in due portafogli: il portafoglio principale, costituito dal Solactive Sustainable Value Index AR, e il portafoglio di stabilizzazione, costituito dal mercato monetario in franchi svizzeri.

Controllo del rischio

La strategia d'investimento dell'indice MS Value Protect CHF Index si basa su una volatilità target del 5%. Se il portafoglio principale realizza raggiunge una volatilità superior al 5%, allora a luogo una riallocazione nel portafoglio di stabilizzazione.

Protezione dei profitti

Essendo una componente fissa dell'indice, questa componente d'investimento assicura che l'indice non possa mai scendere sotto il suo livello di copertura. Al lancio dell'indice, il livello di copertura è definito come una percentuale del livello iniziale, vale a dire il 90%. Il livello dell'indice viene monitorato trimestralmente e la performance sono garantite al 90% quando l'indice MS Value Protect CHF raggiunge un nuovo massimo alla fine di ogni trimestre.

Adattamento dinamico

Le ponderazioni del portafoglio vengono adeguate quotidianamente per rispondere alle attuali e mutevoli condizioni di mercato.

Componente di investimento per la protezione dei profitti

La protezione dei profitti dell'indice MS Value Protect CHF Index è ottenuta attraverso l'uso di uno strumento finanziario (noto come derivato) e comporta dei costi. In mercati con movimenti laterali o in rialzo, il rendimento di un indice con protezione dei profitti sarà inferiore a quello di un indice senza protezione dei profitti.

I costi integrati riducono la performance dell'indice

I costi di transa- zione e di finanziamento derivanti dagli aggiustamenti della ponderazione o dalla detenzione di investimenti che riducono la performance dell'indicesono già inclusi nell'indice.

Copertura del rischio valutario

L'indice MS Value Protect CHF è calcolato in franchi svizzeri mentre il portafoglio principale è calcolato in euro. L'indice MS Value Protect CHF Index è ampiamente protetto contro i rischi valutari tra queste due valute. Tuttavia, rimane un'esposizione dei rendimenti infragiornalieri del portafoglio principale alle fluttuazioni del tasso di cambio tra queste due valute che non può essere eliminata.

Excess Return

L'indice MS Value Protect CHF invest non tiene conto degli interessi attivi sulla componente di mercato monetario in franchi svizzeri.

Simulazione storica dello sviluppo dell'indice

La data di lancio dell'indice MS Value Protect CHF è il 17 giugno 2022. Tutti i dati di performance precedenti per l'ndice MS Value Protect CHF si basano sulle performance storiche simulate. La performance storica (realizzata o simulata) non è un indicatore della performance futura.

Performance dell’indice

Si tratta di un indice quantitativo, basato su regole. Non c'è alcuna garanzia che l'indice generi in futuro rendimenti. L'indice non è gestito attivamente e il valore dell'indice può sia diminuire che aumentare. Un investimento nell'indice potrebbe non produrre gli stessi rendimenti di un investimento diretto nei componenti dell'indice.

Potenziali conflitti di interesse

Morgan Stanley & Co. International plc è sia sponsor dell'indice che agente di calcolo. Morgan Stanley & Co. International plc e le sue affiliate possono essere coinvolti in transazioni relative all'indice o ai suoi componenti. Tali attività possono avere un impatto sia positivo che negativo sul valore dell'indice. Gli elementi di calcolo dell'indice sono basati su dati non pubblici e su valutazioni interne di Morgan Stanley & Co. International plc.

Altri rischi

Vi sono altri rischi relativi all'Indice che potrebbero avere un impatto sul valore dell'indice, incluso (ma non limitato a) il rischio valutario, il ruolo dell'agente di calcolo nella stima del valore dell'indice e disturbi tali da rendere impossibile una valutazione da parte dell'agente di calcolo.

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