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.

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Ponzi Scheme

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

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

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.
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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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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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Costs and Charges

The money you pay when investing.
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Xetra

A trading venue operated by the Frankfurt 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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Net Income (NI)

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