Key Information Document (KID)

A document issued by an investment fund to help investors determine if it's the right fund for them.

A document issued by an investment fund to help investors determine if it's the right fund for them.

More terms

Over-The-Counter (OTC)

A security that is sold outside of an exchange.
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Bookbuilding

How banks work out what investors will pay for shares before an IPO, one order at a time.
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Hedge Fund

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

The sum of a set of numbers added together and then divided by the total amount of numbers in that set.
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Net Income (NI)

The money a firm is left with from sales after subtracting taxes and different business costs.
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IPO

When a private company sells shares to the public for the first time. Its stock market debut, basically.
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Bond

Learn what a bond is
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Accounting standards

The rules a company follows when preparing financial statements.
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