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

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.

Account balance

The amount of money a user has stored in a financial repository.

Oligopoly

A situation in which a market or industry is controlled by a small group of companies.

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.

Free Trade

The other free trade. International trade in which countries allow goods to flow across their borders without imposing import or export taxes.

Packaged Retail and Insurance-based Investment Product (PRIIP)

An investment where, regardless of its legal form, the amount repayable to the retail investor is subject to fluctuations.

Withholding Tax

A tax deduction made at the source of the payment.

Arithmetic Mean

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

Balance sheet

A summary of a company's finances, including its assets, liabilities and shareholder equity.

Exchange-Traded Fund (ETF)