ch17(6e) sample - ch17(6e) sample 1. The comparison...

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ch17(6e) sample 1. The comparison universe is __________. A. a concept only found in astronomy B. a set of mutual funds with similar risk characteristics to your mutual fund C. the set of all mutual funds in the U.S.A. D. the set of all mutual funds in the world 2. Consider the Sharpe and Treynor performance measures. When a pension fund is large and has many managers, the __________ measure is better for evaluating individual managers while the __________ measure is better for evaluating the manager of a small fund with only one manager responsible for all investments. A. Sharpe, Sharpe B. Sharpe, Treynor C. Treynor, Sharpe D. Treynor, Treynor 3. Henriksson found that, on average, betas of funds __________ during market advances. A. decreased slightly B. decreased very significantly C. increased slightly D. increased very significantly 4. Suppose two portfolios have the same average return, the same standard deviation of return, but portfolio A has a higher beta than portfolio B. According to the Sharpe measure, the performance of portfolio A __________. A. is better than the performance of portfolio B B. is the same as the performance of portfolio B C. is poorer than the performance of portfolio B D. cannot be measured since there is no data on the alpha of the portfolio
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5. Most professionally managed equity funds __________. B. outperform the S&P 500 index on raw return measures and underperform the S&P 500 index on risk-
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This note was uploaded on 08/06/2009 for the course BUSINESS 4444 taught by Professor Dr.dale during the Spring '09 term at University of Texas at Dallas, Richardson.

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ch17(6e) sample - ch17(6e) sample 1. The comparison...

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