GlossaryGlossary

The M&G glossary provides you with an explanation of frequently used investment and website security terms.

  
Accumulation share

Shares where net income is automatically reinvested and is reflected in the price.

Accumulation unit

Units where net income is automatically reinvested and is reflected in the price.

Alternative Investment Market (AIM)

Provides a forum for the listing of young and growing companies that do not meet the requirements for a full London Stock Exchange listing.

Annual Management Charge (AMC)

A charge, usually between 1% and 1.5% of the value of the fund, that is levied for the management of the fund. M&G normally deducts this from the fund's income, fortnightly in advance on a proportionate basis.

Authorised Corporate Director (ACD)

An Authorised Corporate Director (ACD) is a regulated entity, performing a task within an OEIC structure similar to that of a Manager of a unit trust scheme.

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Issued by M&G Securities Limited and M&G Financial Services Limited which are subsidiaries of M&G Limited. M&G Limited is incorporated and registered in England. Registered Office: Laurence Pountney Hill, London, EC4R 0HH. Registered in England No. 1048359. Registered for VAT, number GB235 3237 81. Both M&G Securities Limited and M&G Financial Services Limited are authorised and regulated by the Financial Services Authority and provide ISAs and other investments. M&G Securities Limited is registered on the FSA's register, No. 122057 (www.fsa.gov.uk/register). Registered Office Laurence Pountney Hill, London, EC4R 0HH. Registered in England No. 90776. M&G Financial Services Limited is registered on the FSA's register, No. 122058 (www.fsa.gov.uk/register). Registered Office Laurence Pountney Hill, London, EC4R 0HH. Registered in England No. 923891. Both companies are registered for VAT, number GB235 3237 81.