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Market Return
A market return is what an investment portfolio yields to an investor. A return can be positive or negative, and can be calculated in gross terms, after payment of fees and commissions or with or without inflation if the investor wants to know the real return. Alternatively, a market return can be the return of a benchmark index. Investors comparing returns on their portfolios will use the relevant benchmark as the comparator, in which case they will either overperform or underperform the market (i.e. the index).