The Active vs Passive Scorecard
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Fixed Income Benchmarking
fixed income has always been a little better than equity in these bever reports. Some say, well, look, if your bench mark is the ag it doesn't hold high yield international note,. of these managers will buy high yield international, jack up the credit risk. Ah, do you account for that? Because in the equity world, if you do that, you sort of get put into a different bucket. That's called style drift.
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