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Webof the e–cient frontier are desired by investors. They are called e–cient funds. A portfolio w⁄ is said to be mean-variance e–cient if there exists no portfolio w with „P ‚ „⁄ P and ¾P2 • ¾⁄ 2 P. That is, you cannot flnd a portfolio that has a higher return and lower risk than those for an e–cient portfolio. WebTitle: rn À'°@QÄÍñÖ ^=ÛåÕ÷ EîÞÉvÌnÏ 0Ü Ã$= Yíê ì ^ Author: rn À'°@QÄÍñÖ ^=j×@ãÄäö ±L î T Created Date
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