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DMO

DMO

The United Kingdom Debt Management Office. It’s an executive agency responsible for managing the government’s debt and cash needs, primarily through issuing gilts and Treasury bills.

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Retail Prices Index (RPI)

An index published each month by the Office for National Statistics, which measures the level of retail prices in the UK. Cash flows on all index-linked gilts are linked to the RPI.
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Forward pricing

Mutual funds are traded on a forward pricing basis, meaning the price you see will be different to the price you may trade at.
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Xetra

A trading venue operated by the Frankfurt Stock Exchange.
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NASDAQ

A US stock exchange specialising in the shares of technology companies.
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Unit Trusts

A collective investment scheme the investors pay money into in exchange for units. The money is invested in a diversified portfolio of assets.
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Unicorn

A startup valued at over £1 billion. They are rare, hence the name.
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Net Asset Value (NAV)

The value of a company's assets relative to the number of shares it has.
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Volatility

A measure of how much the prices of an asset or index vary over time.
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Spot Rate

The currency exchange rate a bank quotes, valid with immediate effect.
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