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LU0849392690

$--
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1d
1w
1m

Analysis and statistics

  • Open
    7.4394$
  • Previous Close
    7.4394$
  • 52 Week Change
    --
  • Day Range
    0.00$
  • 52 Week High/Low
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  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

LU0849392690 is the ISIN (International Securities Identification Number) for the Pictet-Digital Communication R EUR Acc fund. This fund invests primarily in companies worldwide involved in digital communication, including companies in the telecom, media, entertainment, and technology sectors that are leading or benefiting from the development, manufacturing, or use of digital communication tools, content, or services. The ".EUFUND" portion is likely a designation used by a specific platform or data provider and doesn't have a universal or standardized meaning in the broader financial world; it's probably an internal identifier. The fund is denominated in EUR (Euro) and is an accumulation share class, meaning that any income generated by the fund is reinvested rather than distributed to investors. Pictet Asset Management is the investment manager responsible for overseeing the fund's assets and investment strategy.
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Factors

Performance of Underlying Assets: The LU0849392690.EUFUND's price is directly affected by the performance of the assets it holds, like stocks or bonds of European companies. Positive performance increases the fund's value, while negative performance decreases it.

Market Sentiment: Overall market sentiment towards European equities impacts demand for the fund. Optimism leads to higher demand and prices, while pessimism causes lower demand and prices.

Economic Conditions in Europe: Economic growth, inflation, and interest rates in Europe affect the profitability and valuation of European companies, thus impacting the fund's price.

Currency Exchange Rates: Fluctuations in the Euro's exchange rate against other currencies, particularly the investor's home currency, influence the fund's return when converted.

Fund Management Fees and Expenses: The fund's expense ratio and other operational costs reduce the net return to investors, affecting its relative price compared to other funds.

Supply and Demand for Fund Units: High demand for the fund relative to its supply can drive up its price, while low demand can cause it to decrease.

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