Volatility

Listing a company on a stock exchange, or the shares that are genuinely up for grabs once it’s there.

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

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

A listed company run by a fund manager, investing mainly in private companies.e.

A physical/digital place where stockbrokers and traders can buy and sell securities.

A company that pools money together from multiple investors and then invests it.

The quoted price of a gilt, which excludes accrued interest

The total price payable on the purchase of a gilt. It’s calculated as the clean price plus accrued interest.

Also called a dividend, this is the fixed annual interest paid to gilt holders. It’s usually paid in two equal, semi-annual instalments and expressed as a percentage of the nominal value of the gilt.