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Here you’ll find a simple explanation of some of the most commonly used investment terms. If there is any other financial jargon you want translated, please call our Customer Service Team free on 0800 597 2525 or email us at firstname.lastname@example.org and they will be pleased to help.
When a Fund buys fewer Shares in a specific asset or sector than its benchmark. For example if a UK General Fund invests 1% in utilities and its benchmark the FTSE All-Share contains 5%, it is said to be underweight.
Unit Trusts are collective Funds which allow private investors to pool their money in a single Fund, thus spreading their risk, getting the benefit of professional Fund Management, and reducing their dealing costs.
This sector covers: