Question
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
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 funds uses.
% Security Investment Weight:
Security Benchmark Index Fund X Fund Y Fund Z
1 10% 14% 42% 11%
2 10 14 0 11
3 10 11 0 11
4 10 14 0 9
5 10 12 0 9
6 10 11 0 9
7 10 8 28 9
8 10 6 30 9
9 10 7 0 11
10 10 8 20 11
A) Calculate the active share (AS) measure for Fund X, Fund Y, and Fund Z relative to the benchmark index. Do not round intermediate calculations. Round your answers to one decimal place.
- Fund X: %
- Fund Y: %
- Fund Z: %
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