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Gearing |
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The effect that borrowing
has on the equity capital of a company or the asset
value of a fund. If the assets bought with funds
borrowed appreciate in value, the excess of value
over funds borrowed will accrue to the shareholder,
thus augmenting, or gearing up the value of their
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Geographic Spread |
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The distribution in a fund’s
portfolio over different parts of the world, either
by countries or larger areas. |
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Gilt-Edged Securities |
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Stocks and shares issued
and guaranteed by the British government to raise
funds and traded on the Stock Exchange. A relatively
risk-free investment, gilts bear fixed interest
and are usually redeemable on a specified date. |
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The term is now used generally
to describe securities of the highest value. According
to the redemption date, gilts are described as short (up
to five years), medium, or long (15 years or more). |
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GNMA (Ginnie Mae) |
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Government National Mortgage Association.
A U.S. Government-owned agency which buys mortgages from
lending institutions, securitizes them, and then sells
them to investors. Because the payments to investors are
guaranteed by the full faith and credit of the U.S. Government,
they return slightly less interest than other mortgage-backed
securities. |
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Growth Stocks |
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Stock of a company which is growing
earnings and/or revenue faster than its industry or the
overall market. Such companies usually pay little or no
dividends , preferring to use the income instead to finance
further expansion. |
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Growth Orientated Portfolios |
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Dominant theme is growth in revenues,
earnings and market share. Many of these portfolios are
hedged to mitigate against declines in the overall market. |
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Global Macro |
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The investment strategy is based
on shifts in global economies. Derivatives are often used
to speculate on currency and interest rate movements. |
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