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Mutual funds
Alpha is the part of an investment's return that is not explained by its exposure to the benchmark (its beta). Positive alpha means it returned more than its market risk alone would have produced over that period.
Alpha is the part of an investment's return that is not explained by its exposure to the benchmark (its beta). Positive alpha means it returned more than its market risk alone would have produced over that period.
No. Alpha describes a fund's costs, structure or past record. Mutual fund investments are subject to market risks, and past performance does not indicate future returns.