Require clarity if 1-style fit is active selection of securities by the manager-
Morris calculates the style fit for the four years at 80% and the annualized tracking risk at 8.2 percent. The annualized active return to the portfolio is -0.75 percent. A. Determine whether the portfolio was actively managed for the period shown and support your answer with one reason. No calculations required.
Given style fit is 80% rest 20% is attributed to manager active selection of securities right- so answer to A will be Yes actively managed?