- CFA Exams
- CFA Level I Exam
- Study Session 17. Portfolio Management (2)
- Reading 47. Analysis of Active Portfolio Management
- Subject 2. Comparing Risk and Return
CFA Practice Question
The average ex ante information ratio across investment funds is likely to be ______.
A. zero
B. positive
C. between -0.25 and 0.25
Explanation: Otherwise, investors would simply invest in the benchmark portfolio.
User Contributed Comments 0
You need to log in first to add your comment.