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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Arithmetic Mean

The sum of a set of numbers added together and then divided by the total amount of numbers in that set.
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Stock Market

A place where shares of publicly listed companies are traded.
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Conditional dealing

Trading in new shares before they’re officially admitted to the exchange, on the condition that admission goes ahead.
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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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Costs and Charges

The money you pay when investing.
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American Depository Receipts (ADRs)

Tradeable assets that let Americans invest in overseas stocks using US laws and dollars.
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Beta

Learn what Beta stands for in finance.
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Total Return

This is the measurement of a fund’s performance in a specific period.
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Year to Date (YTD)

A period of time that starts with the first day of the current calendar year and ends with today.
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