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Basic Question 3 of 6
______ is the measure of that percentage of the portfolio that differs from the benchmark index.
B. Active share
C. Relative position
A. Gross exposure
B. Active share
C. Relative position
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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 risk measures used by banks, asset managers, pension funds, and insurers;
CFA® 2025 Level II Curriculum, Volume 5, Module 41.