Equity-Portfolio-Managem翻译介绍资料.pptVIP

EQUITY PORTFOLIO MANAGEMENT Portfolio Management Ali Nejadmalayeri Equity Management Indexing Only changes in the index causes the portfolio composition to change; e.g., additions/deletions Active The goal is to beat a “benchmark” portfolio; SP400, SP600 Growth, RUSSELL 2000, etc. Semi-Active Also known as “Enhanced Indexing” or “Risk-Controlled Active Management” aspire to beat a benchmark but limit tracking error Tracking Error Tracking Error The difference between a portfolio’s performance and a benchmark’s Tracking Error Volatility The variation of tracking error over a period Informat