Investment (INV) Practice Questions - Investment (INV) - Actuaries Institute Fellowship Program Exam

Any optimal portfolio on the efficient frontier can be formed by combining the risk-free asset and the unique tangency (market) portfolio of risky assets in appropriate proportions An investor must always invest exactly 50% in equities and 50% in cash Asset managers must maintain two physically separated bank accounts for each client Active management always outperforms passive index funds by a factor of two