Examlex
Which of the following is not directly counted in GDP?
Fiduciary Responsibility
A legal obligation requiring an individual or organization to act in the best interest of another party, typically in financial matters.
Prudent Investor Rule
Prudent Investor Rule is a legal guideline for fiduciaries that mandates investment strategies should be made as a prudent investor would, considering risk, return, diversification, and the objectives of the trust or beneficiary.
Active Portfolio Management
A strategy where managers make specific investments with the goal of outperforming an investment benchmark index.
Passive Strategy
An investment approach that involves holding a diversified portfolio to match the performance of a market index over time, minimizing buying and selling actions.
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