This note explores the selection of investment managers and the performance-measurement tools associated with this important task. In selecting investment options for a firm's 401(k) plan, identifying possible managers to oversee a portion of an endowment's or foundation's investment portfolio, or a retail investor's decision of which fund to choose for their regular investment account, investment performance is likely to play an important role. In this technical note, we explore a number of different performance measures that may be used to select managers, including total return, alpha, and information ratio, and a key risk measurement used in this approach, tracking error.

【書誌情報】

ページ数：12ページ

サイズ：A4

商品番号：HBSP-UV8354

発行日：2021/8/24

登録日：2022/2/15