Lipper Mutual Fund Industry Average

Definition

One of many averages calculated by Lipper Analytical Services. This average estimates how well mutual funds performed collectively. Many active mutual fund managers try to beat this benchmark, as well as the market in general. Lipper calculates performance on a quarterly and annual basis, as well as on a categorical basis. For example, it may rank aggressive-growth funds separate from passively-managed index funds.
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Lipper Leader liquefied petroleum gas