refers to CFAI p 237 (R11). I don’t get the part where it refers to style as quantity… So a part of the stock’s mkt cap is assigned to value and a part to growth and sums up to 100. Where’s the “neutral style index category” here, which is the right answer to the question?
There are three ways to classify stocks: 1. Either as growth or value (viewed as a category - no overalap) 2. Either as growth, value or a third neutral category (also viewed as a category) 3. Partly growth and partly value (viewed as a quantity)