Meanings
fiduciary duty, duty of loyalty (a legal or ethical relationship of trust between two or more parties, specifically the obligation of a manager to act in the best interest of the client)
Die gesetzlich verankerte Treuepflicht untersagt es dem Portfoliomanager, Transaktionen durchzuführen, die nur dem Broker, aber nicht dem Anleger nützen.The legally anchored fiduciary duty or duty of loyalty prohibits the portfolio manager from executing transactions that only benefit the broker but not the investor.