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". Investopedia Explains: For example, the performance of a small-cap fund may be compared to the Russell 2000, which is a benchmark for...
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