Large cap

In the US, large cap tends to mean companies with a market capitalisation in excess of $10bn. However, in the UK we tend to think about large cap stocks being those in the FTSE 100 Index. The market cap threshold to qualify for that varies over time but it is roughly £4bn. For QuotedData’s purposes – where we are classifying investment companies as either small or large – we use a cut off of £1bn.

Venture Capital Trust

A quoted closed-end fund set up specifically to provide private equity capital to small companies. Investors in venture capital trusts can typically get tax relief for investing in these funds, the dividends are not subject to income tax and any capital gain is exempt from capital gains tax. The rules on how large these tax […]

IMI

IMI in an acronym for investable markets index. The MSCI Investable Market Indexes cover all investable large-, mid- and small-cap securities across the developed, emerging and frontier markets, targeting the inclusion of approximately 99% of each market’s free-float adjusted market capitalisation. These indexes are based on the MSCI Global Investable Market Indexes (GIMI) Methodology, which aim […]

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 […]

FTSE 100 Index

A weighted average index of the 100 largest companies by market capitalisation quoted on the main market of the London Stock Exchange (adjusted to reflect their free float)

Bonds

Another name for debt that can be traded There are many types of debt instrument under the “catch-all” title of Bonds. They are also referred to as “Fixed Income”. They include sovereign or government debt (e.g. UK gilts, US treasuries, etc.), Supranational (e.g. The World Bank, ECB) and bonds issued by companies or institutions to […]

Glossary

Large cap