Investing2 min read
AccumulationGerman: Thesaurierung
Accumulation means a fund retains and reinvests income rather than distributing it to investors.
In plain language
Dividends or interest flow back into fund assets. You normally do not receive an additional cash payment. The value of your shares reflects retained income. Tax rules differ by country.
Let’s make it concrete
A fund receives €100 in dividends. In an accumulating share class, the money stays in the fund and is reinvested according to its strategy.
Simplified example for illustration.Worth understanding
Accumulation does not automatically mean tax exemption. Retained income may still have tax consequences.
Read more from official sources
For further learning and reference:
Financial education for orientation. No individual investment, tax or legal advice.
← Back to the glossary