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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Alpha

The percentage by which an investor outperforms a relevant benchmark.
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Fixed Income

An investment that provides a fixed rate of return, often over a specific set of time.
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Yield

Income from an investment as a percentage of its current price.
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Key Information Document (KID)

A document issued by an investment fund to help investors determine if it's the right fund for them.
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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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Hedge Fund

Investment funds that are often associated with riskier and shorter-term trading strategies.
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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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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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Junk Bond

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