Exchange-Traded Fund (ETF)

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

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

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Base rate

What's the base rate?
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Free Trade

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

The art of buying shares which trade below their value, according to the analysis of the value investor.
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Costs and Charges

The money you pay when investing.
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UK Treasury bill

A debt instrument issued by the UK government with a maturity of less than one year.
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Conventional gilts

Gilts where the dividends and principal repayments are fixed in nominal terms. This is as opposed to an index-linked gilt where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI).
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Net Asset Value (NAV)

The value of a company's assets relative to the number of shares it has.
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Global Investment Performance Standards (GIPS)

A set of standards which investors use to present their investment results.
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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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