Simplify. -

question 242

Multiple Choice

Simplify.
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Definitions:

Passively Managed

Investment strategies that aim to replicate the performance of a specific index or benchmark as closely as possible, without active decision-making by managers.

Equity Index

A benchmark that represents the performance of a group of stocks, indicating the overall trend in the equity market.

Portfolio Manager

A professional responsible for making investment decisions and overseeing a portfolio of assets to achieve the investor's objectives.

Asset Universe

The full range of investment options available for asset allocation.