Year to Date (YTD)

A period of time that starts with the first day of the current calendar year and ends with today.

A period of time that starts with the first day of the current calendar year and ends with today.

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Arithmetic Mean

The sum of a set of numbers added together and then divided by the total amount of numbers in that set.
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Junk Bond

A form of debt investment that carries higher risk because of the likelihood that the issuer will default.
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Exchange-Traded Fund (ETF)

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

A measure of how much the prices of an asset or index vary over time.
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Retail Prices Index (RPI)

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.
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Rate of Return

Profit on an investment, expressed as a percentage of the investment.
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Maturity value

What's the maturity value of a bond?
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OEIC

Unique to the UK, these funds pool together money to invest from multiple investors.
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Yield curve

A graphical representation of interest rates over time
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