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CIRO Daily Challenge — February 15, 2026 | EnCiro | EnCiro

Daily Challenge/February 15, 2026

🔥 Daily ChallengeCIRESecurities, managed products, mutual funds and other investmentsMedium

Which of the following describes an 'actively managed' ETF?

A fund where the portfolio manager has discretion to buy and sell securities to outperform a benchmark.Correct

A fund that uses a computer algorithm to track a customized, factor-based index.

A fund that is required to hold every security listed on the Toronto Stock Exchange.

A fund that automatically rebalances to match the weightings of a specific stock index.

Why

Correct. Active management involves professional judgment and discretion by a manager to achieve a specific goal or alpha.

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