Question
1. Calculate the tracking error for the manager relative to the index. How successful was the manager in limiting his or her client's unsystematic risk
1. Calculate the tracking error for the manager relative to the index. How successful was the manager in limiting his or her client's unsystematic risk exposure? Explain.
Period Manager A (%) Index (%)
1. 10.7 11.1
2. -1.4 -2.9
3. 10.5 17.6
4. 0.4 -0.9
5. -8.8 -3.2
6. 20.2 19.2
7. -9.6. -10.3
8. 4.7 5.9
9. 2.9 2.1
10 17.0 18.9
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International Financial Reporting Standards An Introduction
Authors: Belverd E. Needles, Marian Powers
3rd Edition
1133187943, 978-1133187943
