Recherche
S'identifier

Mensuel de janvier 2019 - Fonds / Bourse

go back Retour << Article précédent     Article suivant >>


A new, useful measure of «long only» funds performance vis-a-vis their benchmark
The objective of funds or portfolios invested in stocks and/or bonds (called “long only” funds) is commonly expressed as to better perform than some related stock or bond market index. On the one hand, the investor will appreciate the fund will perform better than its benchmark during upward market moves, but he will even better appreciate if the fund behaves satisfactorily during downward market moves, since a portfolio of bought securities is naturally sensitive to market declines. This is particularly the case at the end of a disappointing year such as 2018.   To quantify to what extent a fund or a portfolio is performing better than its benchmark, the market practice is based on the calculation of excess returns, that is, the difference portfolio return –...
Cette page n'est accessible qu'aux abonnés payants.
Veuillez vous identifier si vous êtes abonnés à la consultation de nos archives.
Nous vous invitons à souscrire un abonnement, ou à prendre contact avec nous.

This page is only accessible to paying subscribers.
Please identify yourself if you have subscribed to the consultation of our archives.
We invite you to take out a subscription, or to contact us.
Ces entreprises nous font bénéficier de  leur expertise en collaborant avec Agefi Luxembourg.

These companies give us the benefit of their expertise by collaborating with Agefi Luxembourg.
NautaDutilh
MIMCO Capital
DLA PIPER
Allen & Overy
Stibbe
Castegnaro
Square management
Loyens & Loeff
SOCIETE GENERALE Securities Services
Sia Partners
Comarch
Linklaters
VP Bank
J. P. Morgan
Generali Investements LU
Bearingpoint
Lamboley Executive Search
Paragon
Zeb Consulting
Fi&FO
Mazars.lu
Pictet Asset Management
Ernst&Young
AXA IM Luxembourg
Lpea.lu