Glossary

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Open-ended fund
An open-ended fund is one which gets bigger and more shares are created as more people invest and the funds shrink and get smaller as people take out their money. The value of shares in an open-ended fund is directly linked to the investments it makes.
Open-ended investment company (OEIC)
A type of open-ended fund in company form that issues shares in funds into which you can invest and in which you pool your money with that of other investors to buy a wider range of investments.
Options
A derivative contract in which the holder has the option to buy or sell a fixed number of investments at a fixed price in a certain period.
Ordinary share price (or Ord)
This is the price of an ordinary share on a stock exchange.
Ordinary shares
An investment representing a proportion of a company's value.
Overweight
A term used by fund managers which describes the amount of shares of a company they hold compared to the number of those shares which are held in a benchmark or index which the fund manager compares his fund to. Holding more shares than the relevant proportion in a benchmark is called being overweight. Having the same proportion is known as being neutral, and less is being underweight.