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Website GlossaryA | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z GGilts*Bonds* issued by the UK Government. Also known as *gilt-edged securities*. Along with bonds can be referred to as *fixed interest securities*. GearingThe amount a fund can “gear” is the amount it can borrow in order to invest. In *unit trusts* and *OEICs* borrowing is limited to 10% of the fund’s value and is usually for the purpose of managing cash flow, rather than to increase the fund's investment exposure. Gross income*Dividends* and *interest* paid out to you before *income tax* has been deducted. Gross redemption yieldUsually used in bond investments. This yield seeks to indicate the total *return* you might receive from both *income* and *capital growth* (or loss) if you hold your investment over a ten-year period. Guaranteed fundsFunds in which the *manager* promises to provide a specific minimum *return*, backed by a legally enforceable arrangement with a third party to guarantee that promise. |
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