Investment funds usually have money flowing in ... The following formula calculates the cumulative return of the portfolio: Where: TWR = Time-weighted return n = Number of sub-periods HP ...

Citations: Jiang, Zhengyang, Arvind Krishnamurthy, Hanno Lustig. 2024. The Rest of the World's Dollar-Weighted Return on U.S. Treasurys. IMF Economic Review.

Market cap-weighted funds are one of the most common assets investors add to their portfolios and include ones tied to the S&P 500, a major benchmark for the return of stocks. These funds provide ...