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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Synthetic ETFs

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

The date on which a gilt is redeemed and the gilt holder receives the repayment of the nominal amount and final dividend or coupon payment.
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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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Spot Rate

The currency exchange rate a bank quotes, valid with immediate effect.
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Equity ETF

An exchange-traded fund that is comprised of a set of stocks.
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Base rate

What's the base rate?
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Inflation

The increase in the prices of goods and services over time, and the process by which money loses its value.
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Nominal amount

The face value of a gilt. It represents the amount that will be repaid to the holder at maturity and is also used to calculate the dividend or coupon payment.
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NYSE

The world's largest stock exchange. Wall St HQ.
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