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Purely Passive Strategy
An investment strategy that involves no active management and typically focuses on investing in index funds to replicate market returns.
Mean-Variance Efficient
A portfolio strategy that aims to minimize risk for a given level of expected return, or equivalently, maximize return for a given level of risk.
Index Funds
Investment funds designed to track the components of a market index, offering broad market exposure, low operating expenses, and low portfolio turnover.
Treynor-Black Model
A portfolio optimization model that combines active and passive investment strategies to maximize performance.
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