Saturday, August 1, 2015

Term of the Day: Bogey

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August 1, 2015
Bogey

A buzzword that refers to a benchmark used to evaluate a fund's performance. The benchmark is an index that reflects the investment scope of the funds investment. Comparing a fund's performance to a benchmark index gives investors an idea of how well the fund is doing compared to the market.

Also known referred to as "bogy".

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