Glossary entry

English term or phrase:

bank loan funds

German translation:

Banken-Portfolios

Added to glossary by Kristina Wolf
Apr 20, 2006 16:19
18 yrs ago
English term

bank loan funds

English to German Bus/Financial Finance (general) investement management
Kurze Beschreibung der Firma Eaton Vance in einem Text, der sich mit Vermögensverwaltern befasst: "The firm has delivered an outstanding return for investors through its strength in specific areas such as bank loan funds and closed-end funds."
Proposed translations (German)
3 +1 Banken-Portfolios

Proposed translations

+1
1 hr
Selected

Banken-Portfolios

Soweit ich das verstehe, handelt es sich um Fonds, die von den Banken gehalten werden, s. die untenstehende Erklärung, die ich im Internet gefunden haben:
That means it's prime time for prime-rate funds. Also known as bank loan funds, these portfolios are comprised of loans made to corporate borrowers that are pegged to the prime lending rate, now 4%; the rates on the loans are usually prime plus 3% or so. That means the funds' yields rise along with rates".
Peer comment(s):

agree Ingeborg Gowans (X) : o.k.
1 hr
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4 KudoZ points awarded for this answer. Comment: "Danke"
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