[QUOTE=percy;783211]
Quote Originally Posted by percy View Post

Not exact,but the index going from 2,809.82 to 11,482.29 is near enough to 15% compound per year..
That does look impressive.
However that is a gross index return. How many investors actually reinvest, for all their shareholdings, all their gross dividends on the date when they are declared?

I am unclear as to what is included in the NZSX50 index. As the index includes gross dividends, does that mean it includes the dividend declared (on the date it is declared) plus imputation credit if any? If the dividend is unimputed, does it include the gross dividend without an allowance for tax.