What are 'Global Investment Performance Standards (GIPS)'? Definition & meaning

More terms

NASDAQ

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

Accrued interest

The interest earned on a gilt since the last dividend date. When buying a gilt, the buyer pays the accrued interest at the time of a transaction to the seller in addition to the clean price of the gilt

Oligopoly

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

Money laundering

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

Growth stocks

These are stocks in companies that are considered to be “growing”. These companies may be delivering new products and services, or entering new markets.

OEIC

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

Arithmetic Mean

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

Retail Prices Index (RPI)

An index published each month by the Office for National Statistics, which measures the level of retail prices in the UK. Cash flows on all index-linked gilts are linked to the RPI.

Spot Rate

The currency exchange rate a bank quotes, valid with immediate effect.

Global Investment Performance Standards (GIPS)