What is 'Exchange-Traded Fund (ETF)'?

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

More terms

NASDAQ

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

Geometric Mean Return

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

Net asset value

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

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.

Unicorn

A startup valued at over £1 billion. They are rare, hence the name.

Net Income (NI)

The money a firm is left with from sales after subtracting taxes and different business costs.

Holding Period Return

The amount of money generated by an asset during the time that it was held by an investor..

Maturity value

What's the maturity value of a bond?

Accounting standards

The rules a company follows when preparing financial statements.

Exchange-Traded Fund (ETF)