Q8 for morning session of exam 1 in Schweser

CFA Level III
#1

Hi all,

I have just completed the first mock exam in Schweser, but have difficuntly in understanding the wording on question 8.

The question asks if the following sentence, “Tuscany hit their mark right on the money”, is correct.

On the answer sheet, it says that Tuscany’s return is higher than the index.

When you read the sentence, do you recognize that the mark refers to the index?

#2

I believe the mark in reference in this question is none other than the Mark of the Beast. Only those who have the Mark of the Beast can buy or sell…

beyond that, it’s all about tracking error. I blew away my benchmark on the downside last year. I chalk it up to tracking error.