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Mandat

English translation: managed portfolios

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Mandat
English translation:managed portfolios
Entered by: Dr. Andrew Hudson

15:54 Sep 22, 2015
German to English translations [PRO]
Bus/Financial - Finance (general) / Asset management
German term or phrase: Mandat
This word always gives me trouble. Here it is in two contexts of a document I'm translating about an asset management firm:

Under "Firmenprofil," the following headings are listed:

"Schweizer Franken Mandate
Euro Mandate"

And further on, this phrase:

"Jahresrendite der Mandate über 5 Jahre:"

I've consulted dictionaries and Proz discussions, but the word seems to always mean "appointment" or "authority to operate." That doesn't make sense to me here. And this is a Swiss document.

Could someone explain to me exactly what is meant here?

Many thanks in advance.
Dr. Andrew Hudson
United States
Local time: 11:23
managed portfolios
Explanation:
managed portfolios (Swiss Franc).....
in the end it is a portfolio of investments that they manage on behalf of their clients.
Selected response from:

Daniel Arnold (X)
Australia
Local time: 18:23
Grading comment
Thank you so much! That finally makes sense.
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +2managed portfolios
Daniel Arnold (X)
4mandate
Claudia Hoffmann
4discretionary asset management agreement
Maria S. Loose, LL.M.


Discussion entries: 2





  

Answers


8 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
mandate


Explanation:
If I want to place my assets with a Swiss bank then I give that bank certain bank the mandate to do so.

Claudia Hoffmann
Germany
Local time: 18:23
Specializes in field
Native speaker of: Native in GermanGerman
PRO pts in category: 22

Peer comments on this answer (and responses from the answerer)
neutral  barbarameyer: And what would "Jahresrendite der Mandate über 5 Jahre" mean ?
12 hrs
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1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
managed portfolios


Explanation:
managed portfolios (Swiss Franc).....
in the end it is a portfolio of investments that they manage on behalf of their clients.

Daniel Arnold (X)
Australia
Local time: 18:23
Specializes in field
Native speaker of: Native in GermanGerman, Native in EnglishEnglish
PRO pts in category: 22
Grading comment
Thank you so much! That finally makes sense.

Peer comments on this answer (and responses from the answerer)
agree  Maria S. Loose, LL.M.
17 hrs
agree  Ramey Rieger (X)
7 days
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1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
discretionary asset management agreement


Explanation:
Mandat is short for Vermögensverwaltungsmandat = discretionary asset management agreement: The client authorizes a bank or an asset management firm to buy and sell assets in his or her name.

--------------------------------------------------
Note added at 19 hrs (2015-09-23 11:21:34 GMT)
--------------------------------------------------

Having read Barbara's comments to my answer, I now think that "managed portfolios", as proposed by Daniel, is better than my own answer.


    https://www.gkb.ch/gkb/dc.nsf/0/AE820F5CFBB3CA60C1257E75004557A4/$File/Factsheet_Schweizer_Franken_Mandat_DE.pdf
Maria S. Loose, LL.M.
Belgium
Local time: 18:23
Specializes in field
Native speaker of: Native in EnglishEnglish, Native in GermanGerman
PRO pts in category: 4

Peer comments on this answer (and responses from the answerer)
neutral  barbarameyer: And what would "Jahresrendite der Mandate über 5 Jahre" mean ? // So don't you think that the English rendering of 'Mandat' should convey the idea of portfolios resulting from such agreements?
11 hrs
  ->  five-year average annual yield of portfolios resulting from such agreements
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