Glossary entry

German term or phrase:

Zielfondsanteile

English translation:

target fund shares

Added to glossary by Ted Wozniak
Jul 12, 2006 15:44
17 yrs ago
German term

Zielfondsanteile

German to English Bus/Financial Finance (general) mutual funds
In connection with calculating the NAV of a fund, the prospectus states:

"Die im jeweiligen Teilfonds enthaltenen offenen Zielfondsanteile werden zum letzten festgestellten und erhältlichen Rücknahmepreis bewertet"
Proposed translations (English)
3 target fund shares

Proposed translations

13 mins
Selected

target fund shares

The literal translation seems to work here - see examples:

http://www.secinfo.com/dsVSc.61dp.a.htm
http://prospectus-express.newriver.com/pnet/get_template.asp...
http://sec.edgar-online.com/2003/06/16/0000950137-03-003397/...

A target fund is apparently a fund to be acquired by another (acquiring) fund.
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3 KudoZ points awarded for this answer. Comment: "Danke für die Bestätigung Steffen"
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