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Business, 30.10.2020 16:40 lilquongohard

Using active share calculations above, indicate which fund is the most likely to be considered: (i) a passive index fund, (ii) a closet (or enhanced) index fund, and (iii) an actively managed concentrated stock-picking fund. Explain the reason for your classification. Fund X is considered an actively managed concentrated stock-picking fund because, it -Select- in the investment weights of holdings relative to the benchmark index. Fund Y is considered a passive index fund because, it is -Select- concentrated than the benchmark and has -Select- holdings and -Select- investment positions. Fund Z is considered a closet (or enhanced) index fund because its security holdings come closer to matching the benchmark,

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