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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Holding Period Return

The amount of money generated by an asset during the time that it was held by an investor..
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Collective investment scheme

Learn what's a collective investment scheme
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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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Bull market

We explain what a 'bull market' means
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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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Free Trade

The other free trade. International trade in which countries allow goods to flow across their borders without imposing import or export taxes.
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Stock Market

A place where shares of publicly listed companies are traded.
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Rate of Return

Profit on an investment, expressed as a percentage of the investment.
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Geometric Mean Return

A way of calculating compound returns on an investment or savings over a set period of time.
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