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Key Information Document (KID)

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

NASDAQ

A US stock exchange specialising in the shares of technology companies.

Dirty price

The total price payable on the purchase of a gilt. It’s calculated as the clean price plus accrued interest.

Stock Exchange

A physical/digital place where stockbrokers and traders can buy and sell securities.

Clean price

The quoted price of a gilt, which excludes accrued interest

Junk Bond

A form of debt investment that carries higher risk because of the likelihood that the issuer will default.

Ponzi Scheme

A form of fraud designed to lure new investors, and pays the earlier backers by using the new investors' money.

Zero-Sum Game

A situation in which one person's gain is another's loss.

Securities

Bonds and stocks.

Synthetic ETFs

An ETF that that reproduces the return of an index through the use of swaps.

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