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Benchmark(s): A Necessity, a Standard, or an Absolute?
Forum Webinar
Wednesday, February 05, 2020
02:00 PM - 03:00 PM
Benchmarks, like world records, are made to be beaten, and yet approximately half of all assets flow to funds that seek to match, rather than exceed a benchmark? With that in mind, we’ll consider:
  • Index funds typically seek to match a benchmark, after expenses, but due to securities lending and tracking error, not to mention zero cost funds, old formulas may no longer apply
  • Do benchmarks need benchmarks? Strategic or ‘smart’ beta funds track proprietary benchmarks, yet imply that their returns will somehow exceed “the market.”
  • What about risk? How do traditional measures of risk combine with index returns to produce “performance?”
  • Not all benchmarks are equally “hard to beat.” Are boards right to consider degrees of difficulty?
  • How much different is good?  The truism that you can’t beat a benchmark by following the benchmark is valid, but how much variance is necessary or tolerable?
This webinar will broadcast live from 2:00 to 3:00 pm Eastern Time on Wednesday, February 5, 2020.
Registration fees for this program are:
•Members - Free
•Non-members - $100
To receive member pricing, login to the site before clicking register. If you need assistance, please call the Forum at (202) 507-4488.

Paul Ellenbogen
Vice President, US Regulatory and Compliance
Broadridge Financial Solutions, Inc.

This event is closed to the media.