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Unit Trusts

Unit Trusts

A collective investment scheme the investors pay money into in exchange for units. The money is invested in a diversified portfolio of assets.

A collective investment scheme the investors pay money into in exchange for units. The money is invested in a diversified portfolio of assets.

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Bull market

We explain what a 'bull market' means
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Clean price

The quoted price of a gilt, which excludes accrued interest
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Nominal amount

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.
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NASDAQ

A US stock exchange specialising in the shares of technology companies.
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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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Equity ETF

An exchange-traded fund that is comprised of a set of stocks.
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Free Trade

The other free trade. International trade in which countries allow goods to flow across their borders without imposing import or export taxes.
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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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DMO

The United Kingdom Debt Management Office. It’s an executive agency responsible for managing the government’s debt and cash needs, primarily through issuing gilts and Treasury bills.
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