AIC - Guide to investment companies - Glossary

Glossary




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Benchmark

A measure against which the performance of an investment company is compared or against which it sets its objective. For example, a UK invested investment company might have the FTSE All-Share Index as a benchmark and a stated objective to outperform this. See index

Bid price

The price at which you will deal when you sell shares. See share price

Bid-offer spread

See dealing spread

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