Hedge Fund

Investment funds that are often associated with riskier and shorter-term trading strategies.

Investment funds that are often associated with riskier and shorter-term trading strategies.

More terms

Custodian bank

Learn what a custodian bank is.

Unit Trusts

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

Xetra

A trading venue operated by the Frankfurt Stock Exchange.

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

W-8BEN Form

Non-US individuals and businesses may have to file this form for the Internal Revenue Service (IRS), the US tax authority.

Maturity value

What's the maturity value of a bond?

Annualised Rate of Return

The average annual return an investor sees over a set period of time.

Coupon

Also called a dividend, this is the fixed annual interest paid to gilt holders. It’s usually paid in two equal, semi-annual instalments and expressed as a percentage of the nominal value of the gilt.

Investment Trust

A company that pools money together from multiple investors and then invests it.

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