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.

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Packaged Retail and Insurance-based Investment Product (PRIIP)

An investment where, regardless of its legal form, the amount repayable to the retail investor is subject to fluctuations.
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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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American Depository Receipts (ADRs)

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

A measure of how much the prices of an asset or index vary over time.
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Synthetic ETFs

An ETF that that reproduces the return of an index through the use of swaps.
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Exchange-Traded Fund (ETF)

A collection of investments, pooled into a single fund that can be bought and sold on a stock exchange.
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Holding Period Return

The amount of money generated by an asset during the time that it was held by an investor..
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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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