Among the following 7 primary types of benchmarks, which one(s) is(are) accountable?
- Absolute
- Manager universe
- broad market indices
- style indices
- factor-model-based
- returns-based
- custom security-based
I don't quite understand why the "accountable" should be one of the 7 properties of a valid benchmark -- it tells what the managers should do. Appreciate it if you can elaborate on it.
Edited 1 time(s). Last edit at Sunday, April 17, 2011 at 11:01AM by deriv108.作者: Windjam 时间: 2011-7-11 18:59
Your SAMURAI is incorrect little Ninja:
S pecified in advance
A ppropriate
M easurable
U nambigous
R eflective of the manager's current investment opinions
A CCOUNTABLE
I nvestable
