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The higher","page_number":4,"box":{"x":744,"y":155,"width":173,"height":9}},{"id":"b4876e03-83ba-46d3-ad77-8c6589b4fe42","block_type":"box","text":"the Sharpe ratio the better the returns compared to the risk taken.","page_number":4,"box":{"x":505,"y":166,"width":402,"height":9}},{"id":"b0bb2aec-5052-42d5-960b-98ce2eca899b","block_type":"box","text":"Tracking error (%)","page_number":4,"box":{"x":505,"y":176,"width":114,"height":9}},{"id":"519b24cb-05eb-47e1-85f2-0cbda7ea7d1c","block_type":"box","text":"measures how much a fund","page_number":4,"box":{"x":624,"y":177,"width":173,"height":6}},{"id":"7cba79dc-1b8b-4281-8e7e-f4e01eb7e0b1","block_type":"box","text":"’","page_number":4,"box":{"x":799,"y":177,"width":1,"height":2}},{"id":"ab3239d8-2e2e-4944-8591-7b78229b2ba9","block_type":"box","text":"s returns deviate","page_number":4,"box":{"x":801,"y":177,"width":102,"height":6}},{"id":"1f3bf75d-f37d-484d-89dd-bc8e9c5648a3","block_type":"box","text":"from those of the benchmark. The lower the number the closer the","page_number":4,"box":{"x":505,"y":187,"width":407,"height":7}},{"id":"2fbff3b5-8eec-4ff9-9616-d66568f076a4","block_type":"box","text":"fund","page_number":4,"box":{"x":505,"y":198,"width":29,"height":7}},{"id":"e17fcb06-d496-4b2b-8bbf-6c7390ec689b","block_type":"box","text":"’","page_number":4,"box":{"x":536,"y":198,"width":1,"height":2}},{"id":"5eed0001-5d43-4689-bf50-5a555880e378","block_type":"box","text":"s historic performance has followed its benchmark.","page_number":4,"box":{"x":538,"y":198,"width":313,"height":8}},{"id":"65a972c5-f949-49a3-ac22-279f7315c799","block_type":"box","text":"Information ratio","page_number":4,"box":{"x":506,"y":208,"width":103,"height":7}},{"id":"42eb34f8-8940-4ac8-ba18-9c7f4343a4dc","block_type":"box","text":"measures if a manager is outperforming or","page_number":4,"box":{"x":614,"y":208,"width":260,"height":9}},{"id":"4a845956-917f-4838-87bb-4acb9247d27a","block_type":"box","text":"underperforming the benchmark and accounts for the risk taken to","page_number":4,"box":{"x":506,"y":219,"width":414,"height":9}},{"id":"18d401be-ee22-4b0c-a713-44dc8210ae08","block_type":"box","text":"achieve the returns. 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