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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Key Information Document (KID)

A document issued by an investment fund to help investors determine if it's the right fund for them.
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Net asset value

Mutual funds and investment trusts are priced on their net asset value (NAV).
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Over-The-Counter (OTC)

A security that is sold outside of an exchange.
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Free Trade

The other free trade. International trade in which countries allow goods to flow across their borders without imposing import or export taxes.
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NASDAQ

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

We look at what is a depository and what role they play in keeping markets work.
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Bull market

We explain what a 'bull market' means
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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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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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