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geldmarktnahe Fonds

English translation: money market funds

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:geldmarktnahe Fonds
English translation:money market funds
Entered by: pschmitt

10:52 Oct 29, 2001
German to English translations [PRO]
Bus/Financial
German term or phrase: geldmarktnahe Fonds
Für den XXX Fund und geldmarktnahe Fonds ist der Handelsschluß XX Uhr (MEZ).

Can somebody tell me what "geldmarktnah" refers to.
The context is about Investment Plans.

TIA
pschmitt
Local time: 03:16
money market funds
Explanation:
I don't want to repeat Beth's entry (any KudoZ points awarded should go to her), but my explanation requires more space than that available for a peer grading...

The term "geldmarktnah" is generally used for mutual funds that incorporate assets which are not MM instruments in the strict sense of the definition (such as term deposits, treasury bills, Certificates of Deposit or Commercial Paper): for instance, these funds also invest in bonds that had a longer term when issued, but now fall within the MM bracket.

According to my experience, it's safe to include these structures under the general term "money market funds" - anyone in search for the exact scope will have to check the fund's investment policy and restrictions anyway.

HTH - Ralf
Selected response from:

Ralf Lemster
Germany
Local time: 04:16
Grading comment
Thanks, Ralf - I really needed some background information on this one.
Thanks to Beth and Darien as well, Peter
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +2money market funds
Ralf Lemster
3 +1money market funds
Beth Kantus
4near-money market fund
Beate Lutzebaeck


  

Answers


19 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
money market funds


Explanation:
or funds tied to the money market

HTH!

Beth Kantus
United States
Local time: 22:16
Native speaker of: English
PRO pts in pair: 924

Peer comments on this answer (and responses from the answerer)
agree  Alison Schwitzgebel
22 mins
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29 mins   confidence: Answerer confidence 5/5 peer agreement (net): +2
money market funds


Explanation:
I don't want to repeat Beth's entry (any KudoZ points awarded should go to her), but my explanation requires more space than that available for a peer grading...

The term "geldmarktnah" is generally used for mutual funds that incorporate assets which are not MM instruments in the strict sense of the definition (such as term deposits, treasury bills, Certificates of Deposit or Commercial Paper): for instance, these funds also invest in bonds that had a longer term when issued, but now fall within the MM bracket.

According to my experience, it's safe to include these structures under the general term "money market funds" - anyone in search for the exact scope will have to check the fund's investment policy and restrictions anyway.

HTH - Ralf


    Own professional experience in the financial markets
Ralf Lemster
Germany
Local time: 04:16
Native speaker of: German
PRO pts in pair: 2684
Grading comment
Thanks, Ralf - I really needed some background information on this one.
Thanks to Beth and Darien as well, Peter

Peer comments on this answer (and responses from the answerer)
agree  Beth Kantus: you deserve the points - my answer may have been to the point, but you provided the requested explanation :-)
8 mins
  -> Thanks! - Henry! What about that point sharing function...
agree  Alison Schwitzgebel
11 mins
Login to enter a peer comment (or grade)

30 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
near-money market fund


Explanation:
FYI, this is an excerpt from a financial glossary I downloaded from the web a while ago - don't remember the site, but can mail you the gloss if you like.

"Quasi-Geldmarktfonds. Investmentfonds, der in Geldmarktpapiere und Kurzläufer investiert. Dadurch wird eine große Kursstabilität (kaum
Kursrisiken) erreicht. Durch einen meist sehr niedrigen Ausgabeaufschlag ist der Geldmarktnahe Fonds auch für kurzfristige Anlagen
geeignet. Der Geldmarktnahe Fonds überläßt dem Fondsmanager - im Gegensatz zum reinen Geldmarktfonds - eine höhere
Entscheidungsfreiheit bei der Auswahl an Wertpapieren hinsichtlich Art und Laufzeit. Siehe auch MK DM-VARIOZINS und MK LUX
VARIOGELD." (lexikon3_Wertpapier.htm)


    Zahn/Banking and Stock Trading
Beate Lutzebaeck
New Zealand
Local time: 14:16
Native speaker of: Native in GermanGerman, Native in EnglishEnglish
PRO pts in pair: 2079
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