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Unit 30. Investment Active Vocabulary

capital goods

portfolio

Unit Trust (BrE)

Mutual Fund (AmE)

fixed rate of interest

derivate/derivate instrument

futures

options

swaps

засоби виробництва, товари

виробничого призначення

портфель цінних паперів

пайовий фонд/траст

взаємний фонд

фіксована процентна ставка

похідний інструмент

ф’ючерс

опціон, угода з премією

своп, обмін активами чи

зобов’язання

When we speak about investments we mean the purchase by a business of a new capital or of capital goods such as new machinery. In the most general sense, the objective of investing is to earn money with money. When investor holds the collection of financial securities we say that he holders portfolio.

Unit Trust (BrE) or Mutual Fund (AmE) is a company that spreads its investor’s capital over a variety of securities. Investment in a unit trust/ mutual fund reduces the risk for small investor.

Apart from stocks and shares there are many types of investment opportunities available. When a company or government wishes to rise finance it can be issued bonds. There are securities offered at a fixed rate of interest.

Derivates or derivate instruments are financial products such as futures, options, and swaps. Futures are contracts that give the right to buy and sell currencies and commodities at an greeted time in the future at a price agreed at the time of the deal.

Options are contracts enabling the holder to buy a security at a fixed price for a limited period. Swaps allow the exchange of one asset for anther to suit both parties.

Exercise 1. Give for the English:

купівля товарів виробничого призначення, заробляти гроші, мета інвестування, взаємний фонд, зменшувати ризик, інвестор, залучати фінанси, випускати облігації, пропонувати цінні папери за фіксованою процентною ставкою, влаштовувати обидві сторони.

Exercise 2. Match words from list A with words from list B that have similar meaning:

A B

objective obtainable

mutual fund possibility

reduce shareholder

deal target

buy purchase

investor decrease

opportunity transaction

Exercise 3. Put the necessary word in the sentences:

bond, investors, investment (2), derivates, futures, deal, unit trust, portfolio (2), shares, mutual funds.

  1. … are easier to manage because a group of people do the trading for you and

your money is spread among a variety of different investments.

  1. In an attempt to raise finance, the company issued … to public investors,

  2. You should diversify your investment … because you have all your money іn

one stock.

  1. Investing in a … reduces risk for small investors.

  2. The … fell through, no agreement was reached.

  3. Our … ranges from shares in food companies to share in the fashion world.

  4. A … contract is an order that you place in advance to buy or sell an asset or

commodity.

  1. More exotic financial products include … such as: options, futures and

swaps.

  1. These oil shares were a good … .

  2. People who own stocks and bonds are referred to as … .

  3. A treasury … may be sold to any individual or corporation.

  4. Government bonds are considered to be safe … .

Exercise 4. Answer the following questions:

  1. What do we mean by «investment»?

  2. What is the objective of investment?

  3. What is the portfolio?

  4. What are derivates?

  5. What right do future contracts give investors?

  6. What kind of contract enables the holder to buy a security at a fixed price for a limited period?

  7. What do swaps allow?