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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Collective investment scheme

Learn what's a collective investment scheme
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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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Rate of Return

Profit on an investment, expressed as a percentage of the investment.
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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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Exchange-Traded Fund (ETF)

A collection of investments, pooled into a single fund that can be bought and sold on a stock exchange.
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Net asset value

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

A company that pools money together from multiple investors and then invests it.
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Zero-Sum Game

A situation in which one person's gain is another's loss.
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Stock Exchange

A physical/digital place where stockbrokers and traders can buy and sell securities.
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