Clean price

The quoted price of a gilt, which excludes accrued interest

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Profit and Loss Statement (P&L)

A statement that summarises firm's expenses, costs, and revenues incurred during a time period. AKA income statement.
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Zero-Sum Game

A situation in which one person's gain is another's loss.
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Bull market

We explain what a 'bull market' means
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Global Investment Performance Standards (GIPS)

A set of standards which investors use to present their investment results.
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Net asset value

Mutual funds and investment trusts are priced on their net asset value (NAV).
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Hypothesis Testing

A mathematical test used to determine whether a claim is true or false.
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52-week high/low

The highest, or lowest, price a share has traded at in a passing year.
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Time-Weighted Rate of Return (TWRR)

A return calculated over the time period invested, that excludes extraneous elements, such as deposits to and withdrawals from the investment accounted.
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ESG investing

ESG is a hot topic right now for investors. Understand what ESG investing is all about and how you can use it to diversify your portfolio.
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