One of the more volatile mutual funds in recent years has been the AGF China Focus Fund.

Question:

One of the more volatile in recent years has been the AGF China Focus Fund. The fund’s annual returns in successive years from 2003 to 2008 inclusive were 63.4%, -9.3%, 8.6%, 67.6%, 30.5%, and -41.7%, respectively. What was the fund’s equivalent compound annual return for the six years ended December 31, 2008?
Mutual Funds
Mutual funds are like a pool of funds gathered by different small investors that have simalar investment perspective about returns on their investments. These funds are managed by professional investment managers who act smartly on behalf of the...