round to correct amount of decimal places please
Shown below are the investment weights for the securities held in four different portfolios: three mutual funds and the benchmark index that each of those funde uses. a. Calculate the active share (AS) measure for fund X, fund Y, and Fund 2 rehative to the benchmark index. Do not round intermediate calculations. Round your answers to one dedimal place. Fund x Fund Y : I und Z: b. Using active share calculations above, indicate which fund is the most likely to be considered: (i) a passive index fund, (ii) a closet (or enhanced) index fund, and (iii) an actively managed concentrated stock-picking fund. Explain the reason for your classification. Fund x is considered because, it in the investment weights of holdings relative to the benchmark index: Fund Y is considered C because, it is concentrated than the benchmark and has holdings and investment positions. Fund z is considered I because its security holdings come closer to matching the benchmark, b. Using active share calculations above, indicate which fund is the most likely to be considered: (i) index fund, and (iii) an actively managed concentrated stock-picking fund. Explain the reason for Fund X is considered the benchmark index because, it Fund Y is consideres because, it is holdings and investment positions. Fund Z is considere because its security holdings aly managed concentrated stock-picking fund. Explain the reason for your classification. because, it in the investment weights of hol because, it investment positions. furicentrated than the benchmark ar because its security holdings come closer to matching the ber b. Using active share calculations above, indicate which fund is the most likely to be consi index fund, and (iii) an actively managed concentrated stock-picking fund. Explain the Fund X is considered Jbecause, it the benchmark index. Fund Y is considered jecause, it is holdings and investment positions. Fund Z is considered because its securit