No large losses for PP? but how to explain the large losses of PRPFX in 2008.
Posted: Sun Dec 02, 2012 4:29 pm
I note Table 3.1 of Craigr’s book states the performance of PP in 2008 is -2.0% (Nominal Return) and -2.1% (real returns-adjusted for inflation).
However, the performance of PRPFX (the PP fund) suffered a drop of 35.99 (4 Jan 2008) to 32.19 (26 Dec 2008) which means a great loss of 10.55% (although it is still a small number when compared to the loss of stock).
How to explain the -10.55% of PRPFX as compare to -2.1% as stated in Craigr’s book. I note the portfolio of PRPFX is more complicate than the original PP. Is it the sole reason? Or is it due to the different of calculation method?
Anyone can help to explain the above? Thank you.
However, the performance of PRPFX (the PP fund) suffered a drop of 35.99 (4 Jan 2008) to 32.19 (26 Dec 2008) which means a great loss of 10.55% (although it is still a small number when compared to the loss of stock).
How to explain the -10.55% of PRPFX as compare to -2.1% as stated in Craigr’s book. I note the portfolio of PRPFX is more complicate than the original PP. Is it the sole reason? Or is it due to the different of calculation method?
Anyone can help to explain the above? Thank you.