Description

Understand how to evaluate portfolio performance using benchmarks, as well as the properties of a valid benchmark and the types of benchmark.

Learning Objectives

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1. Evaluate the performance of a portfolio using benchmarks.
2. Identify the properties of a valid benchmark.
3. Identify the strengths and weaknesses of indexes.
4. Identify the strengths and weaknesses of an absolute value.
5. Identify the strengths and weaknesses of a universe of managers.
6. Identify the strengths and weaknesses of style indexes.
7. Identify the strengths and weaknesses of factor-based as well as custom benchmarks.