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Year to Date (YTD)

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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Net asset value

Mutual funds and investment trusts are priced on their net asset value (NAV).
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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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Internal Rate of Return (IRR)

A means of calculating the potential future return on an investment.
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Investment Return

The amount of money made or lost from an investment. Usually expressed as a percentage.
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Coupon

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.
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Leverage

A method of trading using borrowed money that usually involves a very high level of risk.
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NASDAQ

A US stock exchange specialising in the shares of technology companies.
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Running yield

The annual interest payment (dividend) divided by the current market price of a bond.
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Capital

Learn what financial capital means
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