国际投资（第六版）课件 SolMcL_6e_ch12.pptVIP

Chapter 12 Global Performance Evaluation Introduction In this chapter we look at: The three steps of global performance evaluation. Calculate money-weighted and time-weighted rates of return. Decomposition of portfolio return into yield, capital gains (in local currency) and currency contribution. Performance attribution in multi-currency, multi-asset portfolios. Introduction In this chapter we look at: Calculate and interpret Sharpe ratio. Performance appraisal to determine whether the manager has a true ability to add value. Discuss different international benchmarks used in performance