Jul 16, 2003 13:56
21 yrs ago
1 viewer *
English term
Johanna Holmberg (X)
extended market
English
Bus/Financial
Investment / Securities
Asset management
In the context of bond markets, what is the difference between the "broad market" and the "extended market"?
Responses
+1
20 hrs
Ralf Lemster
Germany
Germany
Specializes in field
Germany
The language of financial markets
Native in: German
Works in: English to German, German, German to English, and 1 more.
Related KudoZ points
:
64
Selected
full market universe
Looking at your additional context, I would think that the author uses "broad" and "extended" as synonyms, without a specific definition attached. My interpretation of the meaning is a reference to all investable corporate bonds, without restrictions regarding liquidity/issue size, issuer rating (although there may be restrictions regarding distressed assets) or origin.
4 KudoZ points awarded for this answer.
Comment: "Thanks Ralf, that seems to make sense!"
53 mins
Daniela McKeeby
United States
United States
Native in English
&
English
United States
Financial Services Experience
Native in: English 
, Romanian
Works in: Italian to English, Romanian to English, English to Romanian, and 4 more.
s.b.
"extended market" covers small-cap to mid-cap sectors, while "broad market" covers all sectors.
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Note added at 2003-07-16 14:57:08 (GMT)
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Example:
Wilshire 5000 is a broad market index. Wishire 4500, which is Wilshire 5000 minus S&P 500 (a large-cap index), is an extended market index
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Note added at 2003-07-16 14:58:51 (GMT)
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of course, Wilshire 4500 :-(
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Note added at 2003-07-16 17:09:01 (GMT)
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Ralf, there are \"broad bond market indices\" (as Lehman Aggregate Bond Index) but since I\'ve been licensed as a broker I\'ve never heard of \"extended bond market\"
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Note added at 2003-07-16 14:57:08 (GMT)
--------------------------------------------------
Example:
Wilshire 5000 is a broad market index. Wishire 4500, which is Wilshire 5000 minus S&P 500 (a large-cap index), is an extended market index
--------------------------------------------------
Note added at 2003-07-16 14:58:51 (GMT)
--------------------------------------------------
of course, Wilshire 4500 :-(
--------------------------------------------------
Note added at 2003-07-16 17:09:01 (GMT)
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Ralf, there are \"broad bond market indices\" (as Lehman Aggregate Bond Index) but since I\'ve been licensed as a broker I\'ve never heard of \"extended bond market\"
Peer comment(s):
| neutral |
Ralf Lemster
: Sorry, but the asker specifically referred to the *bond* markets
43 mins
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maybe, but extended and broad markets do not
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1 hr
above is accurate but in addition..
extended mkt often is after hours once the broad mkt closes
Reference:
20 hrs
Ralf Lemster
Germany
Germany
Specializes in field
Germany
The language of financial markets
Native in: German
Works in: English to German, German, German to English, and 1 more.
Related KudoZ points
:
64
Added comment by asker
Johanna had problems posting an added note, and has contacted me directly - here's the context:
"The terms appear in a text that describes a new fund investing in corporate bonds. The context is as follows: 'Liquidity funds are essential tools in efficient cash management, providing investors with a valuable safe haven for short-term investments an
d for maintaining liquidity, while earning competitive returns. At the opposite end of the risk return spectrum, full duration products that invest in the broad and extended markets are attractive for investors looking for enhanced return opportunities
and who are comfortable with taking on greater risk.'"
"The terms appear in a text that describes a new fund investing in corporate bonds. The context is as follows: 'Liquidity funds are essential tools in efficient cash management, providing investors with a valuable safe haven for short-term investments an
d for maintaining liquidity, while earning competitive returns. At the opposite end of the risk return spectrum, full duration products that invest in the broad and extended markets are attractive for investors looking for enhanced return opportunities
and who are comfortable with taking on greater risk.'"
Discussion