Abstract
SynopsisThe intention of the paper is to describe the benefits of measuring investment performance and to give methods of so doing.Section 1 gives the background to the subject; it points to the use which an objective investment performance measurement has for both the investment manager and the investor.Section 2 describes the methods of measuring performance using overall rates of return. An example is given of results by three possible methods.Section 3 deals with comparisons of performance. The advantage of analysing results is given. Methods are suggested for comparisons of actual rates of return with those of indices, notional portfolios and other funds.Section 4 introduces the idea of risk, suggesting that risk is something for future policy rather than past performance measurement.Section 5 applies the principles of performance to various types of funds giving difficulties particular to each.The paper ends with a plea for the use of a common objective performance measurement.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
