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Investment schemes

These wrapper schemes help you buy shares in investment companies easily and flexibly by investing a small lump sum or making regular investments.

Investment company

A closed-ended fund which invests in a diversified portfolio of assets. Investors buy and sell their shares in the investment company on a stock exchange.

Interim accounts

A report prepared by a company during its financial year, setting out the same type of information as its annual report and accounts, but with less detail.

Index

A statistical measure of the changes in value of a portfolio of assets representing a portion of the overall market (e.g. the FTSE All-Share). It provides a snapshot of how that part of the market is performing.

Income shares

A type of share issued by a split capital investment company which:

  • has a limited life.
  • aims to pay a high level of income during its life and a fixed capital sum on wind-up. Neither of these sums is guaranteed.

Illiquid

Illiquid investments are those that can’t be sold at short notice. This includes property, private equity and venture capital.

Historic gearing

The lowest and highest levels of gearing an investment company has had over the past 3 years.

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