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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."
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: Polish PRO pts in category: 12