Examples of Excess Return in a sentence
The objective of the Sub-Fund is to provide investors with a return linked to the performance of the S&P Europe 350 Daily Risk Control 10% Excess Return (EUR)® (the “Index”) weighted by a participation factor (the “Participation Factor”) as defined below.
The objective of the Sub-Fund is to provide investors with a return linked to the performance of the S&P Europe 350 Daily Risk Control 10% Excess Return (EUR)® (the “Index”), weighted by a participation factor (the “Participation Factor”) as defined below.
Please refer to the section below headed Excess Return and Tracking Error.
When the constituents of an index change, a Fund being managed against that index will typically, to the extent that it is possible and practicable and to do so, seek to realign its exposure to more closely reflect that of the index and thereby reduce Excess Return and Tracking Error.
Excess Return can also occur where a Fund samples an index rather than fully replicates it.