Glossary of terms: a
A type of share where distributions are automatically reinvested and reflected in the value of the shares.
A type of unit where distributions are automatically reinvested and reflected in the value of the units.
An approach to investing whereby capital is allocated according to the judgment of the investor or fund manager(s). The active investor aims to beat the returns from the stock market or specified index/sector, rather than to match them.
A fund manager who follows an active approach to investing. The active investor aims to beat the returns from the stock market or specified index/sector rather than to match them.
Association for Financial Markets in Europe
Anything having commercial or exchange value that is owned by a business, institution or individual.
Apportioning a portfolio’s assets according to risk tolerance and investment goals.
Category of assets, such as cash, company shares, fixed income securities and their sub-categories, as well as tangible assets such as real estate.
Calculated on the weighted average rating on the fund’s assets excluding cash with assets rated ‘Non-Rated’ receiving the lowest score.