This index has been operating since July 2017. Compare the quarterly performance of Mr. Jain to that of the iShares MSCI Emerging Markets ex China ETF. What is the average tracking error between Mr. Jain and the iShares MSCI Emerging Markets ex China ETF? This tracking error can be viewed as the excess return associated with Mr. Jains active management of GQG Partners Emerging Markets Equity.

Data:

period of tracking: July 2017 - December 2021

Ishares return over stated period: 19.5%

Ishares return over stated period/month average: .35%

Ishares return over stated period/quarterly average: 1.04%

Jains managed returns over stated period: 59.2%

Jains managed returns over stated period/month average: 1.06%

Jains managed returns over stated period/quarterly average: 3.17%

Find:

Tracking error: