NISM 21B Portfolio Managers Exam Notes

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  • Momentum Anomaly: Driven by herding, overreaction.
  • Value Anomaly: Linked to overreaction to bad news.
  • Behavioral Impact: Affects portfolio construction, risk.
  • Investor Psychology: Drives bubbles, crashes.
  • Overreaction: Exaggerated responses to new info.

NISM 21B Portfolio Managers

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