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Basic Question 0 of 3
If a manager reassesses his industry and marks bets on the basis of new information each year but rebalances his portfolio monthly, effectively _____
B. he makes the same bet 12 times.
C. he makes 12 industry bets per year.
A. he uses 12 information sources.
B. he makes the same bet 12 times.
C. he makes 12 industry bets per year.
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
describe and interpret the fundamental law of active portfolio management including its component terms - transfer coefficient, information coefficient, breadth, and active risk (aggressiveness);
CFA® 2025 Level II Curriculum, Volume 6, Module 38.