core-satellite benchmarks
"The idea behind a core-satellite approach is that active risk is mitigated by the core, while active return is added by the satellites. The core is benchmarked to the asset class benchmark, whereas the satellites are benchmarked to a more specific benchmark."
In the context of the sentence, what is an "asset class benchmark" and what is a "more specific benchmark"? I want to be able to identify each if I see it in a question. THanks. |
发表于 2011-7-11 19:03
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