Hedge Fund

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.

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.

The highest, or lowest, price a share has traded at in a passing year.

Learn what's a collective investment scheme

Tradeable assets that let Americans invest in overseas stocks using US laws and dollars.

The official document a company publishes before selling shares to the public. Long, detailed, and worth a read.

What is a gilt?

A collective investment scheme the investors pay money into in exchange for units. The money is invested in a diversified portfolio of assets.

A return calculated over the time period invested, that excludes extraneous elements, such as deposits to and withdrawals from the investment accounted.