The information ratio of a US Fund for 2017 against the S&P…
The information ratio of a US Fund for 2017 against the S&P 500, its benchmark index, is 1. For the same time period, the fund’s Sharpe ratio is 2, the fund has a tracking error of 7% against the S&P 500, and the standard deviation of fund returns is 5%. The risk-free rate· in the US is 4%. Calculate the return for the S&P 500 during the time period