NO.PZ2015121801000038
问题如下：
Which of the following return calculating methods is best for evaluating the annualized returns of a buy-and-hold strategy of an investor who has made annual deposits to an account for each of the last five years?
选项：
A.Geometric mean return.
B.Arithmetic mean return.
C.Money-weighted return.
解释：
A is correct.
The geometric mean return compounds the returns instead of the amount invested.
这题看起来是从投资者角度去评估收益的，为什么还用TWRR？
作为基金经理角度，是否存在用MWRR更好的情况？看到其他解答里有说，基金经理能控制现金流流入流出的情况用MWRR更好，有更具体一点的例子吗？
