n African Finance Journal - Finance letter evaluating portfolio performance

Volume 3, Issue 2
  • ISSN : 1605-9786



When evaluating performance it is important to determine not only the rate of return that a portfolio has earned, but also how this rate compares to a benchmark, such as the overall movement in the market. Even more correct would be to compare the rate of return with that of an investment fund with similar risk characteristics, thereby compensating for differences in risk. It is important not to, for instance, compare bond funds to small capitalisation stock or emerging markets funds.

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