Listing alphabetically by 'a' - 12 results found.

Accumulation Units

Accumulation Units are units in respect of which the net income is not distributed but retained with a Fund increasing the value of each Accumulation unit but leaving the number of units held unchanged.

Active Management

A style of investment management where the fund manager aims to achieve superior returns than the benchmark and sector, by actively selecting the stocks he believes will be winners from the relevant benchmark.

AIM

The Alternative Investment Market is a separate market within the London Stock Exchange set up for the purpose of trading shares in small, young and growing companies. Investors have the benefit of being able to trade in these companies on a market regulated by the Exchange. The companies have the benefit of access to investment capital without the cost and regulatory burden of a full listing on the main market. The nature of these companies means that their shares are likely to be more volatile.

Alpha

Represents the expected return on an investment when the market return is zero.

Annual Management Charge

The fee paid to a company for managing investments. The fees are calculated daily when the Unit Trust is valued and paid to the investment manager on a regular basis.

Annual Report and Accounts

Every manager is required by the FSA to prepare a report together with accounts for the scheme yearly and half-yearly to be sent to unit holders.

Annualised

An annualised rate of return shows the average rate of return over a number of years on a per year basis. For example if a fund has produced a return of 75% over 5 years, this means that on average the fund would have produced an annualised return of 11.8% each year.

Asset Allocation

The asset allocation of a fund describes the breakdown according to geographical region, sector or type of security.

Asset Class

A broad category of investment - shares, bonds, cash, property etc where a market exists for the purpose of trading these assets amongst investors.

Assets

The underlying investments of a fund, which may comprise shares, bonds, cash etc depending on the type of portfolio

Authorisation

Any company wishing to conduct investment business in the UK requires to be authorised under the provisions of the Financial Services and Markets Act 2000. This authorisation is granted by the Financial Services Authority; the regulatory body for the financial services industry.

Authorised Unit Trusts

An authorised Unit Trust is any Unit Trust that has been authorised by the FSA for marketing to the public in the UK. Any overseas collective scheme would have to be recognised by the FSA.