Dictionary
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Volatility

Volatility

A measure of how much the prices of an asset or index vary over time.

A measure of how much the prices of an asset or index vary over time.

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Net Asset Value (NAV)

The value of a company's assets relative to the number of shares it has.
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Yield curve

A graphical representation of interest rates over time
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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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Securities

Bonds and stocks.
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Bull market

We explain what a 'bull market' means
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Forward pricing

Mutual funds are traded on a forward pricing basis, meaning the price you see will be different to the price you may trade at.
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Fundamentals

The data or information that is likely to impact a company's stock price.
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Accrued interest

The interest earned on a gilt since the last dividend date. When buying a gilt, the buyer pays the accrued interest at the time of a transaction to the seller in addition to the clean price of the gilt
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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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