- CFA Exams
- CFA Level I Exam
- Topic 9. Portfolio Management
- Learning Module 45. Analysis of Active Portfolio Management
- Subject 3. The Fundamental Law of Active Management
CFA Practice Question
An active manager follows 2 companies and revises assessments on each 100 times per year. The manager is a ______.
A. market timer
B. stock selector
C. specialist
Explanation: The manager increases breadth by examining a small number of companies constantly and does not need a high skill level.
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