2. A common strategy for passive investment is a. Creating an index fund. b. Creating a small cap fund. c. Creating an investment group d. Creating an index fund and creating an investment group. e. Create a hedge fund. f. Create a private equity fund g. None of the above. 3. Arbel found that: a. The January effect was highest for neglected firms. b. The book to market value ratio effect was highest in January. c. The liquidity effect was highest for small firms. d. The neglected firm effect was independent of the small firm effect. e. Small firms had higher book to market value ratios