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Unicorn

Unicorn

A startup valued at over £1 billion. They are rare, hence the name.

A startup valued at over £1 billion. They are rare, hence the name.

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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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Synthetic ETFs

An ETF that that reproduces the return of an index through the use of swaps.
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Professional Client

An investor that is able to meet several regulatory criteria.
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Alpha

The percentage by which an investor outperforms a relevant benchmark.
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Maturity value

What's the maturity value of a bond?
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Over-The-Counter (OTC)

A security that is sold outside of an exchange.
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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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Clean price

The quoted price of a gilt, which excludes accrued interest
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Collective investment scheme

Learn what's a collective investment scheme
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