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German to English translations [PRO]
Bus/Financial - Investment / Securities / fund types | | German term or phrase: Rentenkurzläufer | "Kollateralschäden u.a. bei Privatanlegern (Abwälzungseffekte) oder bei bestimmten konservativen Fondstypen (Geldmarkt; Rentenkurzläufer; …)!"
The text is referring to the problems (as the author sees them) behind introducing a financial transaction tax.
My first thought was "short-term annuities", but those aren't really a conservative type of fund, are they? |
| | | Selected response from:
 Aleksandra Nakova
Local time: 10:41
| Grading comment Super. Thanks to all the respondents! After reading them, I was almost embarrassed about what a wrong direction I was heading in!
4 KudoZ points were awarded for this answer |
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| Reference: Wikipedia definition of kurzläufer
Reference information:
The Wikipedia entry takes the view that short-term annuities / short-dated gilts (whatever you want to call them) are less volatile than long-dated ones. Consequently, it is not surprising that some authors will see them as a conservative low-risk investment product.
In these days of the sovereign debt crisis a lot of conventional thinking on what is low-risk / high-risk is under question ... but that is just an aside.
Reference: http://de.wikipedia.org/wiki/Kurzl%C3%A4ufer
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