IAmNeil

ellagold99 Wrote:
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> I'm starting to think that its the order that
> matter. If you FIRST invest in passive/enhanced
> and then you add active funds around that then its
> core-satellite. But if they first invest in the
> active funds and add passive/enhanced to reduce
> debt then its a completeness fund.

I disagree. If the total fund matches the risk exposures of the benchmark after they invest in the passive portfolio, then yes. Simply adding a passive portfolio in and of itself will not accomplish this.

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