13. Which of the following statements about limitations of the fundamental law of active
management is least likely true?
A. Active investors assume that they have superior skills compared to other active managers.
B. Calculating the ex-ante information ratio has a drawback that managers tend to
underestimate their ability to outperform the market.
C. The asset forecasts over time may not be truly independent.
Set 1 Solutions
Bạn đang xem 13. - CFA 2018 LEVEL 2 PORTFORLIO QUESTION BANK R51 ANALYSIS OF ACTIVE PORTFOLIO MANAGEMENT Q BANK
