You are operating a mutual fund which today has $100mil in assets. Your returns and fund flows
Fantastic news! We've Found the answer you've been seeking!
Question:
You are operating a mutual fund which today has $100mil in assets. Your returns and fund flows into/out of the fund are listed below.
Time = | Return | Fund Flow $Mil |
1 | 20.00% | 5 |
2 | 10.00% | 3 |
3 | -30.00% | -10 |
4 | 10.00% | 4 |
5 | -5.00% | -2 |
arithmetic average : 1%
geometric average : -0.698*
What is the dollar-weighted average (mean) of the returns?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: