Portfolio: A combination of assets held for its investment benefits, including financial and non-financial returns. The asset mix is usually varied in kind and size to maintain an acceptable level of risk and return.

 

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Portfolio: A combination of assets held for its investment benefits, including financial and non-financial returns. The asset mix is usually varied in kind and size to maintain an acceptable level of r . . . View Full Definition

Replicating Portfolio: A portfolio constructed to match an index or benchmark.

Minimum-Variance Portfolio: The portfolio of risky assets with lowest variance.

Normal Portfolio: A customized benchmark that includes all the securities from which a manager normally chooses, weighted as the manager would weight them in a portfolio.

Mean-Variance Efficient Portfolio: Related: Markowitz efficient portfolio

Active Portfolio Strategy: A strategy that uses available information and forecasting techniques to seek better performance than a buy and hold portfolio. Related: Passive portfolio strategy.

Markowitz Efficient Portfolio: Also called a mean-variance efficient portfolio, a portfolio that has the highest expected return at a given level of risk.

Market Portfolio: A portfolio consisting of all assets available to investors, with each asset held in proportion to its market value relative to the total market value of all assets.

Portfolio Manager: A portfolio manager is responsible for overseeing a collection of investments, either for an institution — such as a mutual fund, brokerage firm, insurance company, or pension fund — or for . . . View Full Definition

Portfolio Turnover: Portfolio turnover is the rate at which a mutual fund manager buys or sells securities in a fund, or an individual investor buys and sells securities in a brokerage account. A rapid turnover . . . View Full Definition