Question: You are given the the information below on a mutual fund. What is the dollar-weighted return? Year 1 Year 2 Year 3 Year 4 Asset
You are given the the information below on a mutual fund. What is the dollar-weighted return?
| Year 1 | Year 2 | Year 3 | Year 4 | |
| Asset under management at start of year (millions of $) | 100.00 | 116.00 | 77.60 | 52.17 |
| Holding-Period Return (% per year) | 21.00 | -15.00 | -7.00 | -6.00 |
| Asset under management before flows (millions of $) | 121.00 | 98.60 | 72.17 | 49.04 |
| Net inflows (in millions of $) | -5.00 | -21.00 | -20.00 | -52.17 |
| Asset under management at end of year (millions of $) | 116.00 | 77.60 | 52.17 | 0.00 |
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