110111 12 113, 14 15-16. TT 18- 19 20-1 5 6 5 points Which of the following statements concerning active equity portfolio management strategies is true? The goal of active equity portfolio management is to earn a portfolio return that exceeds the return of a passive benchmark portfolio (net of transaction costs) on a risk-adjusted basis. An actively managed equity portfolio has lower risk than the passive benchmark. A key to success for an actively managed equity portfolio is to maximize trading activity An actively managed equity portfolio has lower total transaction costs