Quiz Ch 18 – Henriksson’s Discovery on Fund Betas
Essentials of Investments
Bodie, Kane, and Marcus
12th Edition
Henriksson’s (1984) findings indicate that fund betas tend to __________ during periods of market advances
Henriksson’s (1984) findings indicate that fund betas tend to __________ during periods of market advances
What makes ranking a portfolio manager within a comparison universe potentially inadequate for evaluating performance?
Which features are associated with Morningstar’s RAR method?
Which pair of economists is credited with developing the M2 measure?
How do professionally managed equity funds compare to the S&P 500 Index in terms of both raw and risk-adjusted return measures?
Which individual is NOT credited with developing a widely used method to evaluate mutual fund performance while considering risk factors?
How does the characteristic line of a portfolio with fixed proportions in T-bills and the market compare to one where the investor can time bull markets?
Which method is recommended for calculating the rate of return when assessing the relative performance of various fund managers?
Which metric quantifies the reward-to-volatility trade-off using the ratio of average portfolio excess return to standard deviation of returns?
What level of serial correlation do mutual funds and hedge funds exhibit?