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| PE Ratio |
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| (see Price Earnings Ratio) |
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| Pension Fund |
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| A fund that is set up to pay pension benefits to retired employees of a corporation, government entity, or to other organizations. |
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| Performance |
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| Absolute performance is quoted as the percentage movement in the value of the shares or units in a fund from one period to the next. It is usually presented in a percentage format on either an absolute return basis or an annualised return basis. Performance may also be judged on a relative basis against a benchmark. |
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| Performance Attribution Analysis |
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| The decomposition of a money manager's performance results to explain the reasons why those results were achieved.
Indicates the major sources of added value. |
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| Performance Evaluation |
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| The assessment of a manager's results, which involves, first, determining whether the money manager added value by outperforming the established benchmark (performance measurement) and, second, determining how the money manager achieved the calculated return (performance attribution analysis). |
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