CFA Practice Question

There are 136 practice questions for this study session.

CFA Practice Question

If a narrower-than-the-total-market benchmark is used, active investors as a group ______.
A. cannot underperform the market
B. cannot overperform the market
C. can underperform or overperform the market
Explanation: Active management would not generally be a zero-sum game because investors might invest in assets outside the benchmark.

User Contributed Comments 0

You need to log in first to add your comment.