Glossary

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Asset class

Asset class

Asset class is a term to describe different types of investment – this includes equities (shares), bonds and other forms of debt, cash, private equity, derivatives, property

Fair Oaks Income continues to provide a strong, well-covered yield

Fair Oaks Income (FAIR) has announced its annual results for the year ended 31 December 2023, during which it provided an NAV total return for its 2021 shares […]

Murray International interims reflects challenges faced by global equity income funds

The £1.3bn market cap, global equity income trust, Murray International (MYI), has reported half-year results to 30 June 2020. Key total return performance figures are summarised below: Shares: […]

International Public Partnerships updates on Covid-19 impact on Tideway project

International Public Partnerships (INPP), the FTSE 250 listed infrastructure investment company, has released a statement noting the update issued by Tideway earlier this morning. INPP had previously indicated that the Covid-19 […]

Witan Pacific releases circular ahead of proposed change of name to Baillie Gifford China Growth Trust

On 22 July 2020, the board of Witan Pacific (WPC) announced it was to appoint Baillie Gifford as the company’s investment manager, subject to shareholder approval. WPC is […]

Bluefield Solar buys portfolio of 15 ground-mounted solar PV plants for an initial £106.6m

Bluefield Solar (BSIF) has acquired a UK-based portfolio of 15 operational solar photovoltaic (‘PV’) plants with a total installed capacity of 64.2 megawatt peak (MWp). In addition, BSIF has […]

Grit Real Estate collects 85.4% of rents

Grit Real Estate Income Group has released an update on rent collection figures for the period March to July 2020, for which 85.4% of rent has been received. […]

RM Secured Direct Lending marks down cyclical assets most exposed to the pandemic

SME-focused RM Secured Direct Lending (RMDL) has reported interim results to 30 June 2020. Over the period, total NAV returns amounted to (3.4%) and the market return came […]

Asset allocation

Asset allocation is the art of deciding, at a high level, where you want your money invested. We normally distinguish between geographical asset allocation – choosing which countries and regions you want to invest in – industry sector asset allocation – choosing what types of businesses you want to invest in – and asset class allocation […]

Active ETF

Exchange-traded funds have been one of fastest growing fund structures created for investors in recent years. An ETF is a basket of securities that you can buy or sell through a trading platform on a stock exchange. ETFs are normally offered on a wide range of asset classes from traditional investments to so called alternative […]

ETF

ETF is an abbreviation for Exchange Traded Fund. These are funds, traded on an exchange (like an investment company), that issue and redeem shares to match supply and demand (like a zero discount mechanism), and generally track an index which could be based on a range different asset classes. The manufacturers of ETFs have become […]

Inflation

Inflation is the rate at which prices for goods and services rise. Inflation is sometimes classified into three types: demand-pull inflation, cost-push inflation, and built-in inflation. Inflation can be viewed positively or negatively depending on the individual viewpoint and rate of change. Those with tangible assets, like property or stocked commodities, may like to see […]

FTSE ET100 Index

FTSE ET100 Index – The FTSE Environmental Technology Index Series measures the performance of companies globally whose core business is in the development and deployment of environmental technologies as defined by the FTSE Environmental Markets Classification System (EMCS). These include Renewable & Alternative Energy, Energy Efficiency, Water Infrastructure & Technology, Waste Management & Technologies, Pollution […]

IFRS 9

IFRS 9 is an International Financial Reporting Standard (IFRS) of the the International Accounting Standards Board (IASB). It lays out the standard for investment companies for financial instruments for: Classification and measurement of financial instruments Impairment of financial assets, which lays out how losses after an event are valued and requires disclosure of full lifetime losses more quickly Hedge accounting All […]

C share

Companies often classify different classes (=types) of shares using letters. C share is used most commonly to describe a new class of shares issued by an investment company. The C shares have their own portfolio while the money raised by issuing them is invested. When the Board judges that the C share portfolio is sufficiently […]

Rating Agency

A firm paid to make a hierarchical judgement about how risky an asset, usually debt in some form, is. Different rating agencies use different terminology. Three firms dominate the market – Moodys, S&P and Fitch. Moody’s S&P Fitch Rating description Long-term Short-term Long-term Short-term Long-term Short-term Aaa P-1 AAA A-1+ AAA F1+ Prime Investment-grade Aa1 […]