How does one differentiate whether this is core satellite approach or completeness approach? Should there not be a higher allocation to index fund? The
Core sattelite can have a small core allocation and still qualify, apparently it can be as low as 10%. What characterises it is a portion of the portfolio with zero tracking risk.
A completeness approach would likely have the completeness portfion with offsetting risks to the active position, thus the completeness portion wouldn’t be zero tracking risk.