Shifting mean and risk of actively managed portfolios makes it difficult to assess performance. An important example
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Shifting mean and risk of actively managed portfolios makes it difficult to assess performance.
An important example of this problem arises when portfolio managers attempt to time the market, resulting in ever-changing portfolio betas.
.P-96
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Related Book For
ISE Investments
ISBN: 9781266085963
13th International Edition
Authors: Zvi Bodie, Alex Kane, Alan Marcus
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