Xetra

A trading venue operated by the Frankfurt Stock Exchange.

A trading venue operated by the Frankfurt Stock Exchange.

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Venture Capital Trust (VCT)

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

A method of moving money obtained illicitly through the financial system so it can be used legally.
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Time Value of Money

The concept that money you have now is more valuable than the same sum in the future.
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Hedge Fund

Investment funds that are often associated with riskier and shorter-term trading strategies.
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Fixed Income

An investment that provides a fixed rate of return, often over a specific set of time.
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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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Net asset value

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

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