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vague de fond - translation to English

TYPE OF INVESTMENT FUNDS IN FRENCH-SPEAKING COUNTRIES OF EUROPE

Fond commun de placement

vague de fond

n. groundswell

Definition

nouvelle vague

[nu:?v?l'v?:g]

¦ noun a grouping of French film directors in the late 1950s and 1960s who sought to make stylistically innovative films.

Origin

Fr., lit. 'new wave'.

Show more definitions

Wikipedia

Fonds commun de placement

Fonds commun de placement translates to "investment funds" or "mutual funds", and are open-ended collective investment funds based that are neither trust or company law based. They are similar to common contractual funds in Ireland, tax transparent funds in the UK and "fondsen voor gemene rekening" in the Netherlands.

In France, commonly referred to as FCP or F.C.P., these financial instruments are collective investments that are similar to the SICAV. They are not investment companies; they are more like open partnerships. They have no independent legal status but exist as a set of defined relationships between investors, managers and custodian. They invest in different financial instruments, but they do not have the tax status of the SICAV.

They are typically issued in the French-speaking countries of Europe.

https://en.wikipedia.org/wiki/Fonds commun de placement

Examples of use of vague de fond

1. Il y a une vague de fond grandissante d‘interdépendance européenne.

2. Rares sont les municipalités ŕ échapper ŕ la vague de fond rose–rouge–verte de dimanche.

3. Olivier Horner, de retour de Cannes Vendredi 26 janvier 2007 C‘est une vague de fond.

4. Devant l‘ampleur de cette vague de fond, les responsables du cyclisme ont été contraints de passer aux actes, rapidement.

5. A ętre trop s$';re d‘elle, la sénatrice n‘a sans doute pas mesuré l‘ampleur de cette vague de fond qui soudain a menacé de la submerger.