Active Share and Active Risk
Investment approaches can also vary according to whether the manager is highly benchmark-aware or is benchmark-agnostic (i.e., pays little attention to the benchmark). Each …
active risk
Module 50.4 LOS 50.e: Using Fundamental Law to Compare Active Strategies
The CFA presents market timing as an alternative strategy to simple security selection. Market timers be on the direction of …
Module 47.3 LOS 47.e: Components of Active Risk and Active return
Active return is the difference in returns between a managed portfolio and its benchmark: Active return = RP – RB Active risk (also …