Legg Mason White Paper

 

 

November 2013  
Active Share. Toward a Stock Picker’s Market? ClearBridge logo
Explore five groups of mutual funds—from stock pickers to moderately active to the closet indexers. Which categories produced the best risk-adjusted return 1990-2009? The more different the portfolio from its benchmarks, the greater the range of possible outcomes. Consider a tool like active share.


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