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Performance Evaluation and Active Portfolio Management


AFTER STUDYING THIS CHAPTER YOU SHOULD BE ABLE TO:

  • Compute risk-adjusted rates of return, and use these rates to evaluate investment performance.
  • Decompose excess returns into components attributable to asset allocation choices versus security selection choices.
  • Assess the risk-adjusted performance of portfolio managers.
  • Assess the value of market timing ability.
  • Use the Treynor-Black model of efficient security analysis.








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Essentials of Investments, 7eOnline Learning Center

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