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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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Edward Liu
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.