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Net assets

A measure of the size of an investment company. 

Net cash

A way of expressing how much an investment company is exposed to cash after offsetting cash balances first against its gearing.  It is expressed as a percentage of shareholders’ funds.


International Securities Identification Number (ISIN).  A unique code which identifies a particular share.

Financial year end

The date an investment company will prepare its annual report and accounts to. 


See dividend yield.

Investment Wrapper schemes

Wrapper schemes are not investments in their own right, but simply different ways of holding investments. Some wrappers, such as ISAs, have tax advantages.

Wind up date

The date on which a company expects to wind up.

Wind up

Another name for the liquidation of a company.