Active Equity Investing: Portfolio Construction – MCQs

Active Equity Investing: Portfolio Construction – MCQs

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A portfolio manager is considering adding a stock to an actively managed equity portfolio. The stock has the following characteristics:Expected return: 15%Risk-free rate: 4%Standard deviation of the stock: 25%Correlation with the portfolio: 0.7Current Sharpe ratio of the portfolio: 0.9Should the manager add the stock to the portfolio? Calculate the stock's contribution to the portfolio’s Sharpe ratio and choose the correct answer.

No, because the stock decreases the portfolio's Sharpe ratio

Yes, because the stock increases the portfolio's Sharpe ratio

No, because the stock's contribution is neutral to the portfolio's Sharpe ratio

Not enough information to determine

X