Skip to content

Return Due to Style and Active Management (formula)

March 24, 2018

P = M + S + A

M = Market Index

A = P – B the active investment decisions

B = Selected Benchmark

S = B – M the style return

When B – M = 0 so S = 0 and there is no style 

P = M + A

One Comment

Trackbacks & Pingbacks

  1. CFA® Level 3 Exam Post-mortem – Muskblog

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.