
- UID
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- 394
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- 2011-7-2
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- 2016-8-1
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If you have no opinions on the securities in the benchmark you weigh it in similar proportions 'as-is' in the benchmark, indicating you have no opinion and the weights are same. If the manager starts overweighing some select securities and have a +ve alpha weights means he finds the bechmark interesting and can place bets as per his views. So +ve alpha weight represents a good benchmark quality. |
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