Which of the following is least accurate regarding the completeness fund approach? | A) | It must be rebalanced regularly. |
| B) | It will increase the misfit return. |
| | C) | Combining a completeness fund with an active fund will result in risk exposure similar to the benchmark. |
| | D) | It can be managed passively or semiactively. |
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Answer and Explanation
A potential disadvantage of a completeness fund is that it may result in a reduction of active returns arising from misfit risk.
[此贴子已经被作者于2008-9-18 17:28:57编辑过] | 
发表于 2008-9-16 10:49
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