Style portfolios are characterized by:
A)their equity attributes; P/Es less than the market P/E are value funds.
B)their systematic factors,higher systematic factors are benchmark portfolios.
C)their equity attributes; higher equity attribute factors are benchmark portfolios.
D)their systematic factors,P/Es greater than the market are value portfolios.
E)There is no difference between systematic factors and equity attributes.

Question

Quizplus · Accepted Answer

Style portfolios are characterized by their equity attributes, such as price-to-earnings ratios (P/Es). Value funds typically have P/Es less than the market P/E.

Style Portfolios Are Characterized By