Why might one expect for a manager pursuing an active management strategy that the backward-looking tracking error

Question:

Why might one expect for a manager pursuing an active management strategy that the backward-looking tracking error at the end of the year will deviate from the forward-looking tracking error at the beginning of the year?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: