Plain Language Commission . Clear English Standard


  1. Writing Leeds to confusion
  2. Fall of Troy
  3. Plain language and the courts
  4. Pikestaff 75 – read it now
  5. Garner’s Modern English Usage ‘a huge achievement’
  6. Jottings
  7. Jargon for grown-ups
  8. English to be Latin of EU?
  9. Large amount of amounts
  10. ‘The reason is because’
  11. Clichés – ‘wash down’, again
Go to archive

News & views

Overweight in financial jargon

[6 Aug 2013] How seriously do investment companies take their commitment to clear public information? Not very, if the Short Form Report & Accounts of Threadneedle Investment Funds is anything to go by.

The report has just plopped – in its fully defecatory sense – on to the doormats of tens of thousands of investors and begins promisingly by telling them, ‘The information in this report is designed to enable shareholders to make an informed judgment on the activities of the fund during the period it covers...'.

But honeyed words and moneyed words don’t always lead to clarity. Here are some of the jargon-strewn brain-dumps of Threadneedle’s fund managers:

Vanessa Donegan:  ‘While the fund has continued to have a positive investment stance towards the consumer discretionary sector, where the structural drivers of growth are well underpinned, it has reduced the overweight in the sector by selling out of Korean auto-parts manufacturer Hyundai Mobis and Astra International in Indonesia, where the earnings outlook is less certain... Fund performance during the period was negatively impacted by the underweight in the Australian market, as the market outperformed on the back of strong flows into the high dividend yielding sectors, notably the Australian banks, as well as by stock selection in China, as some US-listed Chinese stocks were hit by corporate governance fears.’

Martin Harvey: ‘Over the course of the review period, we also exploited price volatility to vary our exposure to peripheral issues, adding further value... We maintained an off-benchmark position in non-government bonds and emerging market bonds... The fund is positioned for deteriorating fundamentals in Australia...’. [cont]

Pages: First | Next | Last

Yes, I accept the cookie. No, I decline the cookie. would like to place a cookie on your computer to help us make this website better. To find out more about the cookies, see our privacy policy