close
MENU
On the Money
4 mins to read

Fund management: moving the performance goalposts

ANALYSIS: Just as past returns are not good predictors of future returns, neither are they necessarily good records of past returns.

The US Securities and Exchange Commission allows fund managers to add or remove benchmark indices with little justification.

At the risk of stating the obvious, performance is the name of the game in fund management: managers that consistently beat their benchmarks are rewarded with increased funds under management (FUM) and thus higher fees.

The business has high operating leverage and because costs are relatively fixed,

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace
NZ Aviation News

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Aviation News - Monthly

NZ$14.95 / monthly

Already have an account? Login
Brent Sheather Sun, 17 Mar 2024
Contact the Writer: brent@cpam.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Fund management: moving the performance goalposts
On the Money,
103182
true