A fund that pools capital from a number of investors and invests
in shares and other securities. It aims to achieve positive returns
in both rising and falling markets, while using strategies to
reduce the chance of loss. Often uses complex strategies including
short selling, derivative contracts, leverage and arbitrage.
Where a fund manager has used strategies to offset some or all
of the impact of currency fluctuations on overseas investment
An interest rate offered for a short time at the start of a
loan, credit card or savings account. For a loan it is a lower
interest rate that will eventually revert back to a standard rate.
For savings accounts it is a higher rate that will revert back to a
standard deposit interest rate after the honeymoon period.
A financial product that combines features of debt and equity
securities and generally pays a fixed or floating rate of return
until a specified date. In some cases they can be converted into
shares in the issuing company. Includes convertible notes,
preference shares and capital notes.
Last updated: 18 Nov 2015