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Packaged Retail and Insurance-based Investment Product (PRIIP)

Packaged Retail and Insurance-based Investment Product (PRIIP)

An investment where, regardless of its legal form, the amount repayable to the retail investor is subject to fluctuations.

An investment where, regardless of its legal form, the amount repayable to the retail investor is subject to fluctuations.

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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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Value Investing

The art of buying shares which trade below their value, according to the analysis of the value investor.
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Oligopoly

A situation in which a market or industry is controlled by a small group of companies.
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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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SPAC

Find our what a SPAc or special purpose acquisition company is.
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Junk Bond

A form of debt investment that carries higher risk because of the likelihood that the issuer will default.
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Wall Street

A street in New York that became a figure of speech for the financial markets of the US.
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Alpha

The percentage by which an investor outperforms a relevant benchmark.
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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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