Glossary entry

German term or phrase:

Rentenkurzläufer

English translation:

short maturity / short dated bonds

Added to glossary by James Phetterplace
Jan 31, 2012 16:54
12 yrs ago
German term

Rentenkurzläufer

German to English Bus/Financial Investment / Securities fund types
"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?

Proposed translations

+1
2 hrs
Selected

short maturity / short dated bonds

I assume short dated/ maturity bonds and pension funds.
Peer comment(s):

agree RobinB : "short-dated bond(s)" is correct, but not "pension funds". "Renten" here refers to fixed-income securities, not to pensions!
1 hr
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4 KudoZ points awarded for this answer. Comment: "Super. Thanks to all the respondents! After reading them, I was almost embarrassed about what a wrong direction I was heading in!"
50 mins

short-term bonds

Annuities should be wrong (this is about fixed-rate securities).

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Note added at 51 mins (2012-01-31 17:45:44 GMT)
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Zahn DE > EN, Gerke stock trading dictionary (Gabler Publishers) including English translations

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Note added at 1 day2 hrs (2012-02-01 19:04:34 GMT)
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http://www.investopedia.com/ask/answers/05/ltbondrisk.asp#ax...

It seems to me Robin does just not agree to this answer because he doesn't like US English
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Reference comments

9 mins
Reference:

Wikipedia definition of kurzläufer

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.
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