Unit Trusts

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

Stocks in companies that aren’t necessarily growing fast, but instead are dependable and stable.

The percentage by which an investor outperforms a relevant benchmark.

The money a firm is left with from sales after subtracting taxes and different business costs.

A collection of investments, pooled into a single fund that can be bought and sold on a stock exchange.

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

An index published each month by the Office for National Statistics, which measures the level of retail prices in the UK. Cash flows on all index-linked gilts are linked to the RPI.

The highest, or lowest, price a share has traded at in a passing year.

Mutual funds and investment trusts are priced on their net asset value (NAV).