Active management and fund evaluation: The relative return is used as an assessment tool for active managers or funds, especially for those who charge more money for their expertise. An investor will want to know if this manager can beat the market or generate alpha (excess returns) consistently. When Comparing to a Benchmark: Investors in equities, mutual funds, or ETFs often use re... https://finxl.in/advanced-financial-planning-and-analysis-course.html