Dachfonds

German

Etymology

Dach (“roof/canopy”) +‎ Fonds (“fund”)

Pronunciation

  • IPA(key): [ˈdaxfɔ̃ː]
  • Hyphenation: Dach‧fonds

Noun

Dachfonds m (strong, genitive Dachfonds, plural Dachfonds)

  1. (finance) fund of funds (an investment strategy of holding a portfolio of other investment funds rather than investing directly in stocks, bonds or other securities)
    Ein Dachfonds bietet Privatanlegern die Möglichkeit, mit geringeren Summen in verschiedene Hedgefonds zu investieren.
    A fund of funds offers private investors the opportunity to invest in various hedge funds with smaller sums.
    Die Gebührenstruktur beim Dachfonds ist oft höher, da sowohl auf Dach- als auch auf Zielfondsebene Kosten anfallen.
    The fee structure for a fund of funds is often higher because costs are incurred at both the master and target fund levels.
Declension
Declension of Dachfonds [masculine, strong]
singular plural
indef. def. noun def. noun
nominative ein der Dachfonds die Dachfonds
genitive eines des Dachfonds der Dachfonds
dative einem dem Dachfonds den Dachfonds
accusative einen den Dachfonds die Dachfonds

Synonyms

  • Fund of Funds (anglicism)
  • Multi-Manager-Fonds (multi-manager fund)

Antonyms

  • Einzelfonds (single fund)
  • Direktinvestment (direct investment)

Hypernyms

Coordinate terms

  • Bündelung (pooling of different funds into one vehicle)
  • Diversifikation (the main goal of a fund of funds)
  • Hedgefonds (often the target of specialized roof funds)
  • Mittelbindung (capital tied up in the underlying funds)
  • Zielfonds (the underlying funds in which the roof fund invests)

References

  • “Dachfonds” in Digitales Wörterbuch der deutschen Sprache
  • “Dachfonds” in Duden online
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