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The higher","page_number":4,"box":{"x":744,"y":155,"width":173,"height":9}},{"id":"db1dc918-1d8b-4f0f-8916-02aa3eeb746b","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":"7d06a1ec-f86d-468f-ade0-d5f6da35a66b","block_type":"box","text":"Tracking error (%)","page_number":4,"box":{"x":505,"y":176,"width":114,"height":9}},{"id":"2169669a-ddea-4a4b-9f86-e1f2d4ad6285","block_type":"box","text":"measures how much a fund","page_number":4,"box":{"x":624,"y":177,"width":173,"height":6}},{"id":"c2b9e74b-563d-44f8-9bf5-87db43e7af6b","block_type":"box","text":"’","page_number":4,"box":{"x":799,"y":177,"width":1,"height":2}},{"id":"b8602ee3-ae58-4dc2-be30-8c6be5bd4b8b","block_type":"box","text":"s returns deviate","page_number":4,"box":{"x":801,"y":177,"width":102,"height":6}},{"id":"c630b7df-1c4b-48df-8810-06a88aa8554b","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":"3cf45191-85bd-46b4-9484-4adfcb6a2650","block_type":"box","text":"fund","page_number":4,"box":{"x":505,"y":198,"width":29,"height":7}},{"id":"f64846d0-3668-4cb8-b07d-1632e3205f23","block_type":"box","text":"’","page_number":4,"box":{"x":536,"y":198,"width":1,"height":2}},{"id":"8437eccb-ce25-4edf-b256-b7e5c8dacc04","block_type":"box","text":"s historic performance has followed its benchmark.","page_number":4,"box":{"x":538,"y":198,"width":313,"height":8}},{"id":"a5664714-05db-4cf7-a0a6-8750399ed4ff","block_type":"box","text":"Information ratio","page_number":4,"box":{"x":506,"y":208,"width":103,"height":7}},{"id":"bcb973ba-e8d3-44e5-8ed2-9908409cf433","block_type":"box","text":"measures if a manager is outperforming or","page_number":4,"box":{"x":614,"y":208,"width":260,"height":9}},{"id":"a6a83338-8c36-49e5-baf7-2cdf1ffe95b4","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":"5b413835-cf43-40d3-b792-77a004f9865e","block_type":"box","text":"achieve the returns. 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