Profit and Loss Statement (P&L)

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

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.

A measure of how much the prices of an asset or index vary over time.

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

A legal requirement for financial firms to understand exactly who their customers are. Used to prevent money laundering and terrorist financing.

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

What is a zero coupon bond?

A return calculated over the time period invested, that excludes extraneous elements, such as deposits to and withdrawals from the investment accounted.

The period after an IPO when insiders have to sit on their hands and can’t sell their shares.