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Basic Question 2 of 2
If you note that your active manager is using the number of securities as the breadth and these securities are all in one industry, you can conclude that your active manager is overstating ______.
II. expected active returns
III. information coefficient
IV. information ratio
V. active risk
I. breadth
II. expected active returns
III. information coefficient
IV. information ratio
V. active risk
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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
describe the practical strengths and limitations of the fundamental law of active management.
CFA® 2025 Level II Curriculum, Volume 6, Module 38.