In the case of a fund, an indicator of the extent to which its return differs from that of a benchmark – e.g. other comparable funds, stock market index – within a certain period of time. This benchmark is used to assess the performance of the relevant special assets (capital stock) issued and managed by a capital management company (a ratio expressed as a percentage which measures the deviation of the return of a fund compared to the return of a benchmark over a fixed period of time).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
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https://www.gerhardmerk.de/