• We are pleased to announce that the winner of our Feedback Prize Draw for the Winter 2024-25 session and winning £150 of gift vouchers is Zhao Liang Tay. Congratulations to Zhao Liang. If you fancy winning £150 worth of gift vouchers (from a major UK store) for the Summer 2025 exam sitting for just a few minutes of your time throughout the session, please see our website at https://www.acted.co.uk/further-info.html?pat=feedback#feedback-prize for more information on how you can make sure your name is included in the draw at the end of the session.
  • Please be advised that the SP1, SP5 and SP7 X1 deadline is the 14th July and not the 17th June as first stated. Please accept out apologies for any confusion caused.

Assignment X6

S

Sean Cahill

Member
Did anyone else notice the mistake on Q3 2017 benchmark return in question 6.1?
 
You had me worried there. I think you are referring to the fact that the fund jumps from 221.7m to 293.4m when the benchmark performance is 8%. this looks at first glance like a performance of well in excess of 8%. But the key is that the question states that there is an external cashflow in that quarter. So its (221.7m + 50m)(1.08) which comes out OK.
It took me a while but I knew that it could not have survived for a few exam seasons without someone spotting that.
Cheers
 
You must log in or register to reply here.
Back
Top