Dictionary
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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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OEIC

Unique to the UK, these funds pool together money to invest from multiple investors.
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Nominal amount

The face value of a gilt. It represents the amount that will be repaid to the holder at maturity and is also used to calculate the dividend or coupon payment.
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Geometric Mean Return

A way of calculating compound returns on an investment or savings over a set period of time.
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Alpha

The percentage by which an investor outperforms a relevant benchmark.
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LSE

London Stock Exchange, which was founded in 1571 and now has a market cap of almost $5 trillion.
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Withholding Tax

A tax deduction made at the source of the payment.
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W-8BEN Form

Non-US individuals and businesses may have to file this form for the Internal Revenue Service (IRS), the US tax authority.
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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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After-hours trading

Trading outside of a stock exchange's opening hours.
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