Question: Which statement about active risk is correct: 1;active risk is the standard deviation of the excess return of a portfolio over a benchmark 2;active risk
Which statement about active risk is correct:
1;active risk is the standard deviation of the excess return of a portfolio over a benchmark
2;active risk is relevant for passive fund
3;active risk is the numerator in the information ratio
4;active risk is not relevant for an active fund
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