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This would be based on a benchmark such as average market rents.
Labour says this would be based on a benchmark such as average market rents.
Traditionally, fund manager pay is linked to performance against a particular target or benchmark – such as beating the FTSE All Share index by 1% or 2%.
Instead, he can simply buy an ETF linked to a broadly based benchmark such as the MSCI Japan index.So ETFs could be viewed as a set of Lego bricks from which an investor can assemble a do-it-yourself portfolio.
The measure draws on a simple idea: any fund can, in theory, be levered up or down so that the volatility of its total return is equal to that of a chosen benchmark, such as the Standard & Poor's 500-stock index.
Let's look at how a portfolio manager of a large global equity fund might approach his task of beating a benchmark such as the MSCI.
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The integrity of benchmarks such as Libor and Euribor are of fundamental importance to both UK and international financial markets.
10.32am BST Heads-up: MPs are holding a hearing this afternoon into concerns that financial benchmarks (such as the daily foreign exchange fixes) are being manipulated.
Indeed the insight helped establish the case for the growth of low cost "tracker funds" which mimic benchmarks such as the S&P 500 index.
For example, it wants the currency bloc to use benchmarks, such as how long it takes to launch a business or the number of days it takes to enforce a contract.
Even though prices soared to apparently unsustainable levels—judged by conventional benchmarks, such as the ratio of house prices to average earnings they still appeared affordable when debt-servicing costs were compared with income, thanks to low interest rates.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com