In finance, a collection of different securities, currencies, or commodities that are traded or valued as a single unit.
example
Der Indexfonds bildet die Wertentwicklung eines Baskets aus Technologiewerten ab.
The index fund tracks the performance of a basket of technology stocks.
Usage tips
Origin and register
'Basket' is a loanword from English and is used in German as a technical term in finance. The word is not used in everyday speech.
EXAMPLE
Der Fondsmanager stellt einen Basket aus verschiedenen europäischen Aktien zusammen.
The fund manager puts together a basket of various European stocks.
Usage context
This word refers exclusively to a collection of financial products. It is not used for a shopping basket, a wastepaper basket, or the basket in basketball.
EXAMPLE
Die Bank bietet ein Zertifikat an, das an einen Währungs-Basket gekoppelt ist.
The bank offers a certificate that is linked to a currency basket.
Typical collocations
Common combinations are 'ein Basket aus Aktien' (a basket of stocks), 'ein Basket von Währungen' (a basket of currencies), or 'ein Basket bildet einen Index ab' (a basket tracks an index).
EXAMPLE
Dieser spezielle Basket enthält Anleihen mit hoher Bonität.
This special basket contains bonds with high credit ratings.
Compare with
confusable
Basket vs Index
index
'Index' and 'Basket' can occur together in finance, but they do not mean the same thing. An 'Index' is a statistical figure that shows the development of a group of values, for example stocks. A 'Basket', on the other hand, is the collection itself, meaning a group of securities, currencies, or commodities. The words can be confused because an index is often based on such a basket of values. The important point is: the Basket is the selection of values; the Index shows as a number how these values are developing.
Basket
Die Bank stellt für den Kunden einen Basket aus verschiedenen Währungen zusammen.
The bank puts together a basket of different currencies for the client.
Index
Der Index fiel am Morgen, weil viele große Aktien an Wert verloren.
The index fell in the morning because many major stocks lost value.