Unlisted debt
Debt that is not traded in an active market such as the stock or bond market. Typically the term unlisted debt market refers to the private structured debt market. This type of debt implies complex legal arrangements between share holders, borrowers and lenders.
Unlisted Asset
A company that is privately owned and not listed on the stock exchange. Unlike a listed company that is publicly owned and listed on a recognised exchange.
Under/overweight
Underweight is less than the benchmark holding in an asset class; overweight is greater than the benchmark holding.
Under/outperformance
The measure of performance against an index, competitor or any other benchmark.