Can anyone clarify the difference between the Total Return objective and the Capital Appreciation objective?
in the case of a HPR for a security: HPR = (P1 - P0 + CF0)/P0 P1 = Price at end of period P0 = Price at beginning of period CF0 = Cash flows received during period. HPR -> Computes the Total Return for the security in question. (P1 - P0)/P0 = Capital Appreciation.