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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S&P 500

Find out what is the definition of the S&P 500 index.
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Clean price

The quoted price of a gilt, which excludes accrued interest
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American Depository Receipts (ADRs)

Tradeable assets that let Americans invest in overseas stocks using US laws and dollars.
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After-hours trading

Trading outside of a stock exchange's opening hours.
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Alpha

The percentage by which an investor outperforms a relevant benchmark.
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index-linked gilts

Gilts where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI). This is as opposed to a conventional gilt, where the dividends and principal repayments are fixed in nominal terms.
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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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Xetra

A trading venue operated by the Frankfurt Stock Exchange.
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Net asset value

Mutual funds and investment trusts are priced on their net asset value (NAV).
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