Examlex
Which of the following acts increased the fiduciary responsibilities of pension plan trustees, established vesting rights and portability provisions?
Deferred Annuity
A financial product that offers a stream of payments to the holder, typically starting at a future date, after an initial investment period.
Active Portfolio
In the context of the Treynor-Black model, the portfolio formed by mixing analyzed stocks of perceived nonzero alpha values. This portfolio is ultimately mixed with the passive market-index portfolio.
Nonsystematic Variance
The portion of an investment's variance that is attributable to the investment's specific factors, as opposed to the overall market movement.
Market Index
A market index is a hypothetical portfolio of investment holdings which represents a segment of the financial market.
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