Caution! The site can't guarantee, that text has age permission. The site is not recommended, if you are less than 18 years old.
The site shows example sentences for English words. How the word or phrase could be used in a sentence?
" ... In other words, while an ETF’s primary investment objective is to faithfully track a specified index, it can also have a second, commercially relevant investment objective to outperform a specific benchmark. Depending on an ETF’s investment objective, a relevant benchmark can be a broad market index (e.g., the S&P 500), an allocation of broad market indices (e.g., a 60/40 blend of the S&P 500 and Bloomberg Barclays U.S. Aggregate Bond Index) or a specific investment objective (e.g., ESG, income or portfolio de-risking). Broadly speaking, benchmarks are “levelers” making it possible for investors and advisors to compare the relative performance of various investment strategies across a multitude of product types, whether they are active or passive. Also, by definition, broad market benchmarks have no alpha or excess return. ... "