Question
You are operating a mutual fund which today has $100mil in assets. Your returns and fund flows into/out of the fund are listed below. What
You are operating a mutual fund which today has $100mil in assets. Your returns and fund flows into/out of the fund are listed below.
What is the geometric average (mean) of the returns?
| Time = | Return | Fund Flow $Mil |
| 1 | 20.00% | 5 |
| 2 | 10.00% | 3 |
| 3 | -30.00% | -10 |
| 4 | 10.00% | 4 |
| 5 | -5.00% | -2 |
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1st Edition
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