skycfa

that's hilarious...but i can see it being effective....hopefully they won't ask neither on the exam!

Zestt

completness fund for core satellite portfolio


completion portfolio for dealing with low basis stock


the way i rememeber it is that "completeness" is a longer word than "completion"....and it comes later in the curriculum


later study session/longer word

thommo77

Nope, you're bang on. Completeness fund (what the question is about) and completeness portfolio are two totally separate things.

mar350

I think you guys are talking about 2 different definitions of completeness fund. This term shows up in 2 separate sections in the curriculum...1) within how to diversify a concentrated holding in a private wealth investor portfolio (completion portfolio) and 2) core sattellite vs. completion fund approach ....

Or did I get the terminology mixed up as well? haha

mp3bu

you also need to have cash available to complete the completeness fund.

bpdulog

Completeness Fund is added to Existing Portfolio for Adjust Total Portfolio Risk Level to desired level.
Core-Satellite Strategy divided into Core Fund and Satellite Fund. Core Fund Controls overall Risk and usually constructed by Index Fund or Semi-active Fund. Satellite Funds pursue alpha so those usually constructed by Active Fund..

I think..

strikethree

A completeness fund is used when
you have concentrated holdings, and over time you buy other securities as a form of diversification.
A core is everything that is passively indexed or has only low tracking error, or small factor mismatches