Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Over the past 6 months, you observe the following monthly returns for an actively managed small cap mutual fund and for the benchmark small cap
Over the past 6 months, you observe the following monthly returns for an actively managed small cap mutual fund and for the benchmark small cap index:
Time | Fund return (%) | Index return (%) |
1 | 1.67 | 1.15 |
2 | 2.49 | 2.58 |
3 | -1.32 | -1.46 |
4 | -0.76 | -0.51 |
5 | 1.77 | 1.35 |
6 | -2.69 | -2.65 |
What is the information ratio for the fund over this period?
The answer is .39
Please show how to get that in excel.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started