Question: 1 1 . A fund earns - 1 4 % , + 2 1 % , - 7 % , + 9 % over the

11. A fund earns -14%,+21%,-7%,+9% over the last four months. During this same period, the fund has charged 10 bps/month for Assets under Management (AUM). What is the approximate compounded return over the last four months, including the effect of fees?
A) Cannot be computed with the information provided
B)1.13%
C)4.06%
D)5.06%
E)13.61%

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!