In order to make sound investment choices, investors must know the projected return on investment in relation to the risk of not being paid. Benchmarks are excellent evaluators, but the failure to choose the right investing performance benchmark often leads to bad decisions or inaction, which inevitably results in lost profits. The first book of its kind, Portfolio Performance Measurement and Benchmarking is a complete guide to benchmarks and performace evaluation using benchmarks. In one inclusive volume, readers get foundational coverage on benchmark construction, as well as expert insight into specific benchmarks for asset classes and investment styles. Starting with the basics—such as return calculations and methods of dealing with cash flows—this thorough book covers a wide variety of performance measurement methodologies and evaluation techniques before moving into more technical material that deconstructs both the creation of indexes and the components of a desirable benchmark. Portfolio Performance Measurement and Benchmarking provides detailed coverage of benchmarks for: U.S. equities Global and international equities Fixed income Real estate The team of renowned authors offers illuminating opinions on the philosophy and development of equity indexes, while highlighting numerous mechanical problems inherent in building benchmarks and the implications of each one. Before you make your next investment, be certain your return will be worth the risk with Portfolio Performance Measurement and Benchmarking.

为了做出正确的投资选择，投资者必须知道与未支付风险相关的预期投资回报。基准是优秀的评价者，但如果不能选择正确的投资绩效基准，往往会导致决策失误或不作为，从而不可避免地造成利润损失。第一本书的同类，投资组合绩效测量和基准是一个完整的指南基准和绩效评估使用基准。在一个包容性的卷，读者得到了基准建设的基础性报道，以及对资产类别和投资风格的具体基准的专家见解。本书从回报计算和现金流处理方法等基础知识入手，全面介绍了各种各样的绩效衡量方法和评估技术，然后介绍了更多的技术性材料，这些材料将解构指标的创建和理想基准的组成部分。投资组合绩效衡量和基准提供了以下基准的详细范围：美国股票全球和国际股票固定收益房地产著名作者团队就股票指数的理念和发展提供了启发性意见，同时强调了许多机械问题固有的建设基准和影响每一个。在你进行下一次投资之前，通过投资组合绩效评估和基准测试，确保你的回报是值得冒风险的。