thesaurierter

Thesaurierter is the past participle of the German verb thesaurieren. In financial and asset-management contexts, it denotes profits or earnings that have been retained and reinvested rather than distributed to investors. The related noun Thesaurierung refers to the practice of accumulation and reinvestment of earnings within a fund or portfolio.

In practice, thesaurierte Erträge are profits that a fund keeps and reinvests automatically. This is commonly contrasted with funds that are ausschüttend (distributing), which pay out earnings to shareholders as dividends. Thesaurierte funds typically aim to increase the value of the fund by compounding returns, while distributing funds provide regular cash income to investors.

Usage examples include: der thesaurierte Ertrag des Fonds wird wieder angelegt; der thesaurierte Gewinn erhöht den Anteilwert. Both thesaurierter and the attributive form thesaurierender can appear in descriptions of a fund, such as “ein thesaurierter Fonds” or “thesaurierte Erträge.”

Etymology and context: the term derives from thesaurieren, related to Thesaurus (treasury) and the German practice of reinvesting rather than distributing earnings. It is widely used in German-speaking finance, particularly in prospectuses and tax or investment guides, to distinguish accumulation-style products from payout-style products. See also Thesaurierung, Ausschüttung, Fonds.