NISM 21B Portfolio Managers Exam Notes

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  • Anomaly Examples: Size, weekend, earnings surprises.
  • Size Effect: Small-caps outperform large-caps.
  • Weekend Effect: Stocks differ on Mondays.
  • Earnings Surprises: Cause price jumps.
  • EMH Criticism: Behavioral biases challenge efficiency.

NISM 21B Portfolio Managers

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