German: EigenvermögenEnglish translation: the fund's own assets  KudoZ The KudoZ network provides a framework for translators ... More  |
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German to English translations [PRO]
Bus/Financial - Investment / Securities / Asset management | | German term or phrase: Eigenvermögen | This term comes up in the investment guidelines of a bond fund (unfortunately, I've never seen the "Anlage 1 zum Zusatzvertrag" referred to in this para).
· Sonstige Anweisungen
○ Einhaltung der Spekulationsfrist, soweit wirtschaftlich sinnvoll, anzustreben
○ Im Eigenvermögen (siehe Anlage 1 zum Zusatzvertrag „die anfänglichen Vermögenswerte“) ist auf Steueroptimierung zu achten
○ Auf Anweisung der Kundin Bereitstellung des Zinsertrages möglicherweise zweimal p. a.
I wonder whether this is just another way of referring to the Sondervermögen of the fund, but then again it might relate to the investor's own funds or starting capital ...
Please only answers from colleagues with a good understanding of asset management - thank you. |
| | Clarification request(s) and responseRalf Lemster: 6:04am Sep 19, 2003: Is this a fund under the German KAGG (possibly a "Spezialfonds")? -
Beate Lutzebaeck (asker): 6:24am Sep 19, 2003: KAGG? - Dunno - no mention of the KAGG or a Spezialfonds in the two-page document I have. The document is titled "6. Entwurf Anlagerichtlinien festverzinsliche Wertpapiere für ein in Deutschland steuerpflichtiges Privatvermögen (z. T. mit Nießbrauch behaftet)". This centres around "in Deutschland zugelassene nicht thesaurierende Steueroptimierte Rentenfonds" - no idea whether this type of fund falls necessarily under the scope of the KAGG.
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| | the fund's own assets | Explanation:
as opposed to "Fremdvermoegen":
Act XXXIV of 1998
... (2) Dividends may only be paid from the fund's own assets. No dividends shall be paid from sources acquired by loan or by the issue of debt securities. ...
www.tring.hu/jogasz/angol/1998_34_tv.htm - 73k
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Note added at 2003-09-19 00:30:16 (GMT)
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Hi Beate, I think this makes sense because the fund doesn\'t have to pay taxes (or at least not much) on borrowings or money managed for investors, but it would be heavily taxed on its own capital gains. |
| Selected response from:
William Stein
United States
| Note from asker to answererThank you, William, much appreciated. I added a comment for the client because of the ambiguity, but haven't heard back yet.
4 KudoZ points were awarded for this answer |
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3 mins confidence:   peer agreement (net): +1 |
11 mins confidence: |
57 mins confidence: peer agreement (net): +3 |
| the fund's own assets
Explanation:
as opposed to "Fremdvermoegen":
Act XXXIV of 1998
... (2) Dividends may only be paid from the fund's own assets. No dividends shall be paid from sources acquired by loan or by the issue of debt securities. ...
www.tring.hu/jogasz/angol/1998_34_tv.htm - 73k
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Note added at 2003-09-19 00:30:16 (GMT)
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Hi Beate, I think this makes sense because the fund doesn\'t have to pay taxes (or at least not much) on borrowings or money managed for investors, but it would be heavily taxed on its own capital gains.
| William Stein
United States
Works in field
Native speaker of:  English
PRO pts in category: 27
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| Note from asker to answerer| Thank you, William, much appreciated. I added a comment for the client because of the ambiguity, but haven't heard back yet. |
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The translation workplace 
