Global Investment Performance Standards (GIPS)

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

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

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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.
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Clean price

The quoted price of a gilt, which excludes accrued interest
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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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LSE

London Stock Exchange, which was founded in 1571 and now has a market cap of almost $5 trillion.
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Equity ETF

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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UK Treasury bill

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