B IS CORRECT. ACTIVE STRATEGIES AIM TO GENERATE A POSITIVE ALPHA, O...

5. - CFA 2018 LEVEL 2 PORTFORLIO QUESTION BANK R47 THE PORFOLIO MANAGEMENT PROCESS AND THE IPS Q BANK
CFA 2018 LEVEL 2 PORTFORLIO QUESTION BANK R47 THE PORFOLIO MANAGEMENT PROCESS AND THE IPS Q BANK
5. B is correct. Active strategies aim to generate a positive alpha, or positive excess risk- adjusted returns and are highly responsive to changing market expectations. An index-tilt strategy is an example of a semi-active approach. Section 5.1.2. LO.d.