Internal Rate of Return (IRR)

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

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

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

Mutual funds and investment trusts are priced on their net asset value (NAV).

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

We look at what is a depository and what role they play in keeping markets work.

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

What is a gilt?

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.