Zero-beta portfolio

Definition:

A portfolio constructed to have zero systematic risk, similar to the risk-free asset, that is, having a beta of zero.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Performance shares

Shares of stock paid out to managers only if the company makes certain sales, earnings per share, or other similar criteria.

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