Not exact matches
This means that it has outperformed global
equities by just 3 percent
over the
same time period, according to HSBC.
This is because other components of the portfolio have not always moved in the
same direction as
equities over long
periods of
time.
Meanwhile, an investor in tax - managed U.S.
equity mutual funds forfeited only 0.73 % of their return to Uncle Sam
over the
same time period.
For example,
over the last ten years Fairfax's
equity portfolio has delivered a compounded annual return of 14.5 % which is more than double the return from the S&P 500 Index
over the
same time period.