kasvuosuuksia

Kasvuosuuksia, often translated as growth shares or accumulation shares, are a type of investment fund unit primarily found in some European countries. Unlike traditional mutual fund units which typically distribute income and capital gains to investors, kasvuosuuksia are designed to reinvest all profits and gains back into the fund. This means that the value of the kasvuosuuksia increases over time due to compounding, rather than through periodic payouts.

The primary characteristic of kasvuosuuksia is their accumulation policy. All dividends, interest, and capital appreciation earned by the fund are automatically reinvested, thereby increasing the net asset value per unit. This can be advantageous for investors seeking long-term capital growth and who do not require immediate income from their investments. They are particularly favored in tax environments where reinvested gains are taxed at a more favorable rate or deferred until the units are sold.

Investors who hold kasvuosuuksia do not receive regular distributions. Instead, their investment grows in value. The full benefit of the investment is realized when the investor decides to sell their units. At that point, the capital gains realized are subject to taxation according to the prevailing tax laws of the investor's jurisdiction. The concept is similar to that of an accumulating share class in an investment fund, but the term "kasvuosuuksia" specifically refers to this type of unit within its originating markets.