Dictionary
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Coupon

Coupon

Also called a dividend, this is the fixed annual interest paid to gilt holders. It’s usually paid in two equal, semi-annual instalments and expressed as a percentage of the nominal value of the gilt.

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Yield

Income from an investment as a percentage of its current price.
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Equity ETF

An exchange-traded fund that is comprised of a set of stocks.
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Money weighted rate of return

Learn what Money Weighted Rate of Return or MWRR stands for in finance.
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index-linked gilts

Gilts where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI). This is as opposed to a conventional gilt, where the dividends and principal repayments are fixed in nominal terms.
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Value Investing

The art of buying shares which trade below their value, according to the analysis of the value investor.
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Yield curve

A graphical representation of interest rates over time
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Zero coupon bonds

What is a zero coupon bond?
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Synthetic ETFs

An ETF that that reproduces the return of an index through the use of swaps.
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Accounting standards

The rules a company follows when preparing financial statements.
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