Navigate money 7
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Person 1: My fund manager gave me 4% return, net of fees, this year! I am very happy!
Person 2: What is your fund benchmarked against?
Person 1: Hmm… against Australian index.
Person 2: Well, the Australian index gave a return of 6%!
Person 1: Err.. Now, I am not happy!
Person 2: What is your fund benchmarked against?
Person 1: Hmm… against Australian index.
Person 2: Well, the Australian index gave a return of 6%!
Person 1: Err.. Now, I am not happy!