Asset Allocation & Risk

How are risk grades assigned to private funds?

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If a private fund can be assessed using objective data, its market risk is calculated in the same way as for public funds.

If it is difficult to assess on the same basis, the distributor may set the grade using separate criteria that take into account factors such as the product structure, and in this case, grade 2 (high risk) or a riskier grade is in principle assigned. When investing in a private fund, be sure to check not only the grade but also any redemption restrictions and the characteristics of the investment targets.

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This answer is general financial information as of 14/10/2026, not investment advice. Rules and tax rates change, so please also check the latest guidance from the source institution.