Dictionary
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Zero-Sum Game

Zero-Sum Game

A situation in which one person's gain is another's loss.

A situation in which one person's gain is another's loss.

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Equity ETF

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

Trading outside of a stock exchange's opening hours.
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Yield curve

A graphical representation of interest rates over time
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Year to Date (YTD)

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

Profit on an investment, expressed as a percentage of the investment.
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Ponzi Scheme

A form of fraud designed to lure new investors, and pays the earlier backers by using the new investors' money.
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Xetra

A trading venue operated by the Frankfurt Stock Exchange.
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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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Value Investing

The art of buying shares which trade below their value, according to the analysis of the value investor.
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