Glossary
- actively managed fund
A fund in which a manager conducts frequent transactions, research, and forecasts.
- American Depositary Receipt (ADR)
A certificate issued by a U.S. bank representing a specified number of shares in a foreign stock traded on a U.S. exchange, facilitating purchase of shares in foreign companies.
- arbitrage
A concurrent purchase and sale of an asset to profit from the price differential on separate exchanges.
- balanced fund
A fund containing a mix of stocks, bonds, and money market instruments in a single portfolio.
- basis point
Measure of 1/100th of 1 percent, used to calculate interest rates, equity indexes, and yield of fixed-income securities.
- bear market
A market in which the prices of securities are falling. A downturn of at ...
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