參考指數
benchmark
指用來評鑑基金績效表現的一項指標。基金成立時,會選擇一個指數作為基金操作的參考指標,依此指標作加減碼的操作依據,因此基金經理人操盤就是以打敗這個指數為目標;而對投資人而言,這是用以評估基金操作績效優劣的一項客觀標準。海外基金因為投資的標的相當廣泛,因此參考指標種類繁多。若以臺灣股票型基金為例,其參考指標通常採用臺灣加權股價指數,因此基金的操作績效如何,就是將其漲跌幅與同一期間的加權股價指數(亦即通稱的大盤)作一比較,而海外基金則因還有匯率因素,所以必須調整成同一幣別。
Means for evaluation of the performance of an index fund performance. When the fund was established, it will choose the index as a reference index fund operations, and so on the basis of indicators for the addition and subtraction operations code, so fund managers to beat the index Trader is the goal; and for investors, this is for assess the merits of the performance of the fund operating as an objective criterion. Overseas funds because the underlying investments is quite extensive, so the reference index variety. In terms of Taiwan equity fund, for example, the commonly used reference index Taiwan Weighted Stock Index, and therefore how the performance of the fund, which is to rise and fall during the same period weighted stock price index (that is commonly known in the market) to make a comparison, and there are foreign funds due to exchange rate factors, it must be adjusted to the same currency.