Glossary of Terms
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Zero coupon bonds
Zero coupon bonds are debt securities that trade at a discount from the face value and mature at par. Thus, the bond pays no interest to the bondholders during its lifetime. -
Zero Dividend Preference Shares (ZDPs)
These preference shares are issued by split capital investment trusts which have limited lives and pay no dividends during their lives but are instead designed to provide a pre-determined, but not guaranteed, capital entitlement on expiry. As preferred capital, entitlements of ZDPs rank higher than ordinary capital.

Pensions
With increasing life expectancy, as much as a third of your life could be spent in retirement. It is up to you to decide on the kind of lifestyle you want in retirement.

A Guide to Traded Options
Covered calls, naked puts and index strangles. Download your free guide now and learn how option trading could protentially make your portfolio work harder.

Services to Investment Managers
Find out how GAM can help you, providing a white-labelled service with low execution fees, negligible custody fees and no ‘minimum’.