- CFA Exams
- CFA Level I Exam
- Topic 5. Equity Investments
- Learning Module 3. Market Efficiency
- Subject 2. Forms of Market Efficiency
CFA Practice Question
In general, for passive portfolio management strategies to outperform active trading strategies on a risk-adjusted basis, the market must be AT LEAST ______ efficient.
B. semi-strong-form
C. strong-form
A. weak-form
B. semi-strong-form
C. strong-form
Correct Answer: B
User Contributed Comments 1
| User | Comment |
|---|---|
| thevinu | key word: "at least" |