Active management refers to a style of portfolio management where the manager makes asset allocation decisions with the aim of outperforming an investment benchmark index. This is the opposite of passive management.
Purchase of a business or a business line from another entity.
See General Meetings.
Alpha represents fund performance factoring in the risk due to the specific security, i.e. the excess return of the security relative to the return of the benchmark index is called the alpha.
Alternative Investment Market (AIM)
A junior market compared with the main London Stock Exchange with less onerous listing requirements so it tends to attract smaller companies that have been trading for a short period of time.
This refers to how invested money is distributed across different asset classes, industry sectors, and geographical regions. Asset allocation should reflect the investment objectives of a fund and the degree of risk the investor is prepared to take.
Asset classes comprise of distinct types of investment. The four main classes are equities, bonds, cash and property.