这题的Time weighted return怎么算的呀？

NO.PZ2023052302000006

问题如下：

A fund receives investments at the beginning of each year and generates returns for three years as follows:

Which return measure over the three-year period is negative?

选项：

Geometric mean return

Time-weighted rate of return

Money-weighted rate of return

解释：

C is correct. The money-weighted rate of return considers both the timing and amounts of investments into the fund. To calculate the money-weighted rate of return, tabulate the annual returns and investment amounts to determine the

cash flows.

Solving for IRR results in a value of IRR = −2.22 percent.

Note that A and B are incorrect because the time-weighted rate of return (TWR) of the fund is the same as the geometric mean return of the fund and is positive:

这题的Time weighted return怎么算的呀？

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1 个答案

品职助教_七七 · 2024年06月07日

嗨，努力学习的PZer你好：

Time weighted return就是算return的几何平均，即把表格中给出的每个return都加上1后相乘，然后开三次方。最后再减1。

也就是答案解析中的这个列式：

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虽然现在很辛苦，但努力过的感觉真的很好，加油！

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2024-09-19 15:51 1 · 回答

这题的Time weighted return怎么算的呀？

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