Glossary

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Quartiles
Quartiles refer to the four quarters of 100%. terms, which are used by performance analysts,. Being in the first quartile simply means the fund is in the top 25%. This doesn't necessarily mean the fund has made any money, but its performance is ahead of three-quarters of its peers.
Quoted Investments
Investments that have an official listing on one of the world's recognised stock markets, with bid and offer prices quoted. Also known as 'listed investments'.