Let's say I manage an ETF offering exposure to Fictionaland, a booming economy that's difficult for investors to access otherwise. My fund returns 15% over a given period and the S&P500 only returns 10%. Am I beating the market? Am I a good ETF manager?
Would it change your mind if I told you the Fictional 500, the index my ETF tracks, had returned 30% over that same period? Would you maybe have some questions about how I managed my ETF?
Would it change your mind if I told you the Fictional 500, the index my ETF tracks, had returned 30% over that same period? Would you maybe have some questions about how I managed my ETF?