A return calculated over the time period invested, that excludes extraneous elements, such as deposits to and withdrawals from the investment accounted.
A return calculated over the time period invested, that excludes extraneous elements, such as deposits to and withdrawals from the investment accounted.
More terms
Net Asset Value (NAV)
The value of a company's assets relative to the number of shares it has.
The face value of a gilt. It represents the amount that will be repaid to the holder at maturity and is also used to calculate the dividend or coupon payment.
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.