Style drift
A departure by the manager from the declared investment strategy.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
- Put optionA contract giving its buyer the right, but never the obligation, to sell the underlying at a fixed strike price — insurance against a fall, bought for a premium.
- Systemic riskThe risk that one participant's default triggers defaults by others until the settlement system itself fails — the domino risk, not the market risk.
Where this is taught
- Series V-A · Chapter 12: Mutual Fund Scheme Selectionintroduced here
- Series XIX-A · Chapter 10: Fund Monitoring, Reporting and Exitintroduced here
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