Dictionary
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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

Forward pricing

Mutual funds are traded on a forward pricing basis, meaning the price you see will be different to the price you may trade at.
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Dirty price

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

A method of moving money obtained illicitly through the financial system so it can be used legally.
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LSE

London Stock Exchange, which was founded in 1571 and now has a market cap of almost $5 trillion.
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Unicorn

A startup valued at over £1 billion. They are rare, hence the name.
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Geometric Mean Return

A way of calculating compound returns on an investment or savings over a set period of time.
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Diversification

An investment strategy in which money is put into a variety assets.
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Year to Date (YTD)

A period of time that starts with the first day of the current calendar year and ends with today.
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W-8BEN Form

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