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Time-Weighted Rate of Return (TWRR)

Time-Weighted Rate of Return (TWRR)

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.

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LSE

London Stock Exchange, which was founded in 1571 and now has a market cap of almost $5 trillion.
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Yield to maturity (YTM)

What is yield to maturity and why is it useful?
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Global Investment Performance Standards (GIPS)

A set of standards which investors use to present their investment results.
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Conventional gilts

Gilts where the dividends and principal repayments are fixed in nominal terms. This is as opposed to an index-linked gilt where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI).
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Profit and Loss Statement (P&L)

A statement that summarises firm's expenses, costs, and revenues incurred during a time period. AKA income statement.
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Ponzi Scheme

A form of fraud designed to lure new investors, and pays the earlier backers by using the new investors' money.
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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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Investment Trust

A company that pools money together from multiple investors and then invests it.
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Custodian bank

Learn what a custodian bank is.
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