|
- UID
- 218212
- 帖子
- 287
- 主题
- 71
- 注册时间
- 2011-5-26
- 最后登录
- 2012-9-12
|
2#
发表于 2011-7-13 13:04
| 只看该作者
MWR better when PM controls the CF (PE and RE unds)
TWR better measure as it encompasses all cash flows
TWR can be cumbersome if CFs occur daily
MWR is done via a computer (IRR calc)
MWR skews returns if large CF occurs just prior to a large increase/decrease in the portfolio |
|
