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Mutual Fund
An investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments, and other assets.
Selection Contribution
The return added to a portfolio through the successful selection of securities, differentiating from the return that would result from holding a passive benchmark portfolio.
Total Excess
The amount by which returns on an investment exceed the benchmark or risk-free return over a specified period.
Bogey Portfolio
An investment portfolio that serves as a benchmark against which other portfolios' performances are measured.
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