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词汇 Active return
分类 英语词汇 英语翻译词典
释义

Active return

英语百科

Active return

In finance, active return refers to that segment of the returns in an investment portfolio that is due to active management decisions made by the portfolio manager. It does not include any return that is merely a function of the market's movement. The active return is calculated as the return of the portfolio minus some benchmark return, e.g. from an index fund such as the S&P 500. If R_p denotes the return for the portfolio and R_b denotes the return for the benchmark, then the active return is given by R_p - R_b, and can be either positive or negative.

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