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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ESG investing

ESG is a hot topic right now for investors. Understand what ESG investing is all about and how you can use it to diversify your portfolio.
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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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Inflation

The increase in the prices of goods and services over time, and the process by which money loses its value.
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Custodian bank

Learn what a custodian bank is.
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Income statement

A summary of a company's income and expenses over a set period of time.
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Direct listing

Going public without the traditional IPO. Existing shares, straight onto the exchange, no new money raised.
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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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Real Estate Investment Trust (REIT)

An investment trust specialised in investing in commercial property such as parking garages or GP offices.
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Bookbuilding

How banks work out what investors will pay for shares before an IPO, one order at a time.
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