Investiční kapitálová společnost KB -

INVESTMENT QUESTIONNAIRE

Please, select one answer for each question

The questionnaire is used for determining your investment (risk) profile and it does not include any questions with regard to data relating to your specific investment plans, to your incomes, and to your possessions.

1. Experience with capital market investments.

I do not have any experience with capital market investments. I have a current account in a bank and I only use basic bank products such as time deposits, building savings, etc.

I have minimum experience with investments. I have invested in a money market fund and I participated in the coupon privatization.

I have standard experience with investments. I have invested in several mutual funds, including balanced and equity funds.

I have substantial experience with investments. I have invested on the stock market on my own and I follow the development ton the capital market.

2. What returns do you expect from investments?

I prefer safety of my savings and investments to their return. Nevertheless, I would welcome certain increase of the return in excess of standard time deposits, unless it jeopardizes the money invested.

I expect return, which is higher than the one from time deposit; however, I am willing to accept only small and short-term fluctuations in the price of share certificate of the market and a loss of only a small part of the money invested due to capital markets fluctuations.

I expect return, which substantially exceeds the returns of time deposits and money market funds and at the same time, I am also willing to accept higher risks of fluctuations in the price of share certificates as well as the risk of depreciation of investment value (roughly up to 20 – 30%).

I expect above-average return and at the same time, I accept risks of strong fluctuations in the price of share certificates and a potential strong depreciation of my investment due to an adverse development on the capital markets.

3. The extent of resources for capital market investments within your available resources.

I can invest up to 20% of my savings. I will mainly invest irregularly and smaller amounts only.

I can invest up to 50% of my savings. I am able to invest regularly in selected products and I can make additional irregular investments in case of an appropriate investment opportunity.

I can invest up to 75% of my savings. I am able to invest regularly as well as irregularly in amounts of tens of thousands Czech crowns.

I can invest 75% and more of my savings. I am able to invest regularly as well as irregularly – even large amounts of hundreds of thousands Czech crowns and more.

4. How will you react to a decrease in investment value?

I will sell my whole investment in order to prevent any potential increase of my loss.

I will sell part of my investment to decrease any losses in case the price decline of securities on the market continues and I will keep the rest, hoping that the loss incurred will be compensated by additional growth.

I will wait for further developments on the capital markets.

I will immediately invest further to decrease the average acquisition price of the share certificate within my investment and at the same time, I will expect future market growth.

5. What would be an impact of the decrease in the investment value on your financial situations?

The decrease in the investment value would cause a substantial setback in my financial situation and jeopardize my standard of living.

Even though the decrease in the investment value would cause a setback in my financial situation, it would not jeopardize my standard of living.

The decrease in the investment value will worsen my financial situation only slightly and I am able to compensate the loss from my future revenues.

The decrease in the investment value (even a major one) will not jeopardize my overall financial situation.

Conservative investor
Conservative investors have a low or no experience with collective investment funds, they prefer stability of their investments, and have high aversion to investment risk. At the same time, however, they are interested in starting with capital market investments to get higher returns than the returns usually available from time deposits and, in medium-term horizon, even short-term money market rates. Portfolios of conservative investors mostly comprise money market funds, completed with bond funds. Equity funds are represented marginally. Due to their risk aversion, investors require lower fluctuations of investments than in case of investments in bond funds.

Cautious investor
Cautious investors have had some exposure to collective investments. Their risk aversion is lower than in case of conservative investors, which is also reflected in the structure of their portfolio. The portfolio comprises, in addition to money market funds and conservative bond funds, also funds with a higher expected return – such as balanced funds with a limited equity component and more dynamic bond funds. The value of the whole investment may therefore fluctuate slightly more than in case of investments in bond funds only. At the same time, however, the investment within the portfolio provides an opportunity for achieving higher returns than those, which are usually available for bond funds.

Balanced investor
The familiarity of balanced investors with collective investments is very good. The importance of the equity component is starting to grow for these investors, as it makes up a significant part of the portfolio; however, bond funds are still prevalent within the portfolio due to an increased risk aversion. While the bond and money market components of the portfolio are to decrease the investment amount fluctuations, the equity component provides dynamics to the investments and investors may therefore achieve higher valuations.

Dynamic investor
Dynamic investors have a relatively long experience with collective investments. Their risk aversion is the lowest one from all the listed types of investors. Their portfolios are dominated by equities, at the expense of bond funds and money market funds. The minor bond portion of the portfolio ensures a partial risk reduction in case of an adverse development of prices on stock markets. The structure of their portfolio brings higher investment value fluctuations – that is why the investment horizon should be at least 5 years.