Equity ETF

An exchange-traded fund that is comprised of a set of stocks.

An exchange-traded fund that is comprised of a set of stocks.

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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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Yield to maturity (YTM)

What is yield to maturity and why is it useful?
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Money laundering

A method of moving money obtained illicitly through the financial system so it can be used legally.
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Clean price

The quoted price of a gilt, which excludes accrued interest
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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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Value stocks

Stocks in companies that aren’t necessarily growing fast, but instead are dependable and stable.
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Annualised Rate of Return

The average annual return an investor sees over a set period of time.
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Costs and Charges

The money you pay when investing.
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Junk Bond

A form of debt investment that carries higher risk because of the likelihood that the issuer will default.
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