Module XIII·Article II·~2 min read

Investments and Capital Markets in French

Finance and Investment in French

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Stocks and the Securities Market

FrenchTranslation
une actionstock
un actionnaireshareholder
le cours de l'actionstock price
la capitalisation boursièremarket capitalization
le dividendedividend
le rendementyield
la plus-value / la moins-valuecapital gain / capital loss
une OPA (Offre Publique d'Achat)tender offer (acquisition)
une fusion-acquisitionmerger and acquisition (M&A)
introduction en bourse (IPO)initial public offering
CAC 40main Paris Stock Exchange index (top 40)
EuronextEuropean stock exchange (Amsterdam/Paris/Brussels)

Bonds and Fixed Income

FrenchTranslation
une obligationbond
le taux d'intérêt nominalnominal interest rate
le taux de rendement actuarielyield to maturity (YTM)
OAT (Obligations Assimilables du Trésor)French government bonds
le spread de créditcredit spread
la notation (rating)credit rating
investment grade / high yieldinvestment grade / high yield

Types of Investments and Funds

FrenchTranslation
un OPCVM (Organisme de Placement Collectif en Valeurs Mobilières)UCITS (investment fund)
un FCP (Fonds Commun de Placement)unit investment trust (UIT)
une SICAVopen-ended investment fund
un fonds d'investissement alternatif (FIA)alternative investment fund
le private equityprivate equity
le capital-risque (venture capital)venture capital
le capital-développementgrowth capital
le capital-transmission (LBO)leveraged buyout (LBO)
les actifs réelsreal assets (infrastructure, real estate)
le hedge fundhedge fund
la gestion passivepassive management (ETF, trackers)
la gestion activeactive management

Investment Concepts

  • le portefeuille — portfolio
  • la diversification — diversification
  • la corrélation — correlation
  • la volatilité — volatility
  • le risque/rendement — risk/return ratio
  • la duration (obligations) — duration
  • l'allocation d'actifs — asset allocation
  • le rééquilibrage — rebalancing
  • la performance ajustée du risque — risk-adjusted performance
  • le ratio de Sharpe — Sharpe ratio

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