Over-The-Counter (OTC)

A security that is sold outside of an exchange.

A security that is sold outside of an exchange.

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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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Investment Return

The amount of money made or lost from an investment. Usually expressed as a percentage.
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Yield curve

A graphical representation of interest rates over time
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Withholding Tax

A tax deduction made at the source of the payment.
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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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Gross Margin

The difference between a company's revenue and the cost to produce its goods/services, divided by revenue.
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Venture Capital Trust (VCT)

A listed company run by a fund manager, investing mainly in private companies.e.
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Unit Trusts

A collective investment scheme the investors pay money into in exchange for units. The money is invested in a diversified portfolio of assets.
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Running yield

The annual interest payment (dividend) divided by the current market price of a bond.
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