NASDAQ

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

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

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More terms

Global Investment Performance Standards (GIPS)

A set of standards which investors use to present their investment results.
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Spot Rate

The currency exchange rate a bank quotes, valid with immediate effect.
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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 asset value

Mutual funds and investment trusts are priced on their net asset value (NAV).
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S&P 500

Find out what is the definition of the S&P 500 index.
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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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Over-The-Counter (OTC)

A security that is sold outside of an exchange.
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Professional Client

An investor that is able to meet several regulatory criteria.
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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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