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» Warrants

» Warrant gearing

» Warrant premium

» With profits

» Wrapper products

Warrants: IA security that offers the owner the right to purchase the shares of a company at a fixed date, usually at a fixed price. Warrants are generally regarded as high risk investments and do not carry the same rights and protections as shares.

Warrant gearing: A ratio of the share price divided by the warrant price.

Warrant premium: A percentage by which the current warrant price, when added to its exercise price, exceeds the price of the share into which the warrant can be exercised.

With profits: A with-profits fund is a pooled insurance product. With-profits funds pool together premiums paid by a number of investors, which the insurance company then invests in a very wide range of assets. (See also unit-linked policies).

Wrapper products: Pensions, ISAs and other savings and investment schemes are all 'wrapper products'. They are not investments in their own right, but simply different ways of holding investments; some wrappers have tax advantages.

The value of your investments and the income from them can go down as well as up. You may not get back the full amount you have invested.

Issued in the UK by Henderson Global Investors. Henderson Global Investors is the name under which Henderson Global Investors Limited (reg. no. 906355), Henderson Fund Management Limited (reg. no. 2607112), Henderson Investment Funds Limited (reg. no. 2678531), Henderson Investment Management Limited (reg. no. 1795354), Henderson Alternative Investment Advisor Limited (reg. no. 962757), Henderson Equity Partners Limited (reg. no.2606646), Gartmore Investment Limited (reg. no. 1508030), (each incorporated and registered in England and Wales with registered office at 201 Bishopsgate, London EC2M 3AE) are authorised and regulated by the Financial Conduct Authority to provide investment products and services. Telephone calls may be recorded and monitored.