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indices trail their drawdown

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14:56 Dec 8, 2010
This question was closed without grading. Reason: No acceptable answer

English to English translations [PRO]
Bus/Financial - Finance (general)
English term or phrase: indices trail their drawdown
The text is about how difficult it is for an active investor to generate alpha these days:

"Not only has achieving alpha, in the classic sense (Jensen), become more difficult – which goes some of the way to explaining the huge growth in popularity of ETF’s - but also outperformance of a given benchmark has become ever more illusive. If conventional benchmarks, such as . If conventional benchmarks, such as broad equity indices, keep on trailing their drawdown over 8 years, significant outperformance is destined to take a back seat."

What does the last sentence mean?
Martin Wiesheu
Local time: 15:59
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Summary of answers provided
4indices drop down - maybe slowly but on a constant basisPolangmar


  

Answers


4 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
indices drop down - maybe slowly but on a constant basis


Explanation:
If conventional benchmarks, such as broad equity indices, continue to incessantly go down over 8 years, generating significantly better results will inevitebly stop being the main target (possible to achieve).

Polangmar
Poland
Local time: 15:59
Specializes in field
Native speaker of: Native in PolishPolish
PRO pts in category: 12
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