Значение слова "EXCESS RETURNS" найдено в 4 источниках

EXCESS RETURNS

найдено в "Investment dictionary"
Excess Returns: translation

Investment returns from a security or portfolio that exceed a benchmark or index with a similar level of risk. It is widely used as a measure of the value added by the portfolio or investment manager, or the manager's ability to "beat the market." Also known as alpha.

For example, consider a large-cap U.S. mutual fund that has the same level of risk (i.e. beta = 1) as the S&P 500 index. If the fund generates a return of 12% in a year when the S&P 500 has only advanced 7%, the difference of 5% would be considered as excess return, or the alpha generated by the fund manager.

Critics of mutual funds and other actively-managed portfolios contend that it is next to impossible to generate excess returns on a consistent basis over the long-term, as a result of which, most fund managers underperform the benchmark index over time. This has led to the tremendous popularity of index funds and exchange-traded funds.



найдено в "Англо-русском экономическом словаре"
Избыточные доходы
.Также называются Abnormal returns (доходы сверх нормы). Доходы, превышающие норму, установленную моделью определения цены активов.Инвестиционная деятельность.

найдено в "Financial and business terms"
excess returns: translation

Difference between an asset's return and the riskless rate. Sometimes confused with abnormal returns, returns in excess of those required by some asset pricing model. Bloomberg Financial Dictionary


найдено в "Financial and business terms"
Excess returns: translation

Also called abnormal returns, returns in excess of those required by some asset pricing model. The New York Times Financial Glossary


T: 24