The term investment refers to a type of investment. The many investors buy cheap at an investment company (KAG), different proportions of funds. This investment company invests the money in various investment funds. The investor buys the fund shares with a right to share in profits and percentage returns for the current redemption price, he will still co-owner of the assets of the Fund. The value of his share is calculated after the full value of the fund's assets and dividing by the number of issued shares. This percentage value is called the net asset value or net asset value (NAV). According to the legislation of the Federal Republic of Germany is the Fund's assets to special funds, which are managed by a professional fund management needs. The strict segregation of fund assets (in his capacity as special funds) and the assets of the company is to ensure the preservation of assets, even in the event that the Company needs to file for bankruptcy. The amount ofAssets increased or reduced, depending on whether new investors to invest and profit from prices, dividends or interest payments are due, or whether money should be reimbursed for equipment or losses occur. Investment funds that are approved in the Federal Republic of Germany for sale, be supervised by the Bundesanstalt fr Finanzdienstleistungsaufsicht (BaFin). The detailed statutory provisions are set out in the Investment Act (InvG). For mutual funds, a distinction between many different types of funds. In general it can be divided into open and closed-end funds, or after the time period, how long the respective funds are created (short, medium or long term). Or are distinguished by the fact whether the funds will be paid for a subscription fee must. Tradingfonds (TF) do not charge a sales charge. At Classic Fund (CF), a subscription fee will be charged.