The Treynor-Black model is a model that shows how an investment manager can use security analysis and statistics to construct

A) a market portfolio.
B) a passive portfolio.
C) an active portfolio.
D) an index portfolio.
E) a balanced portfolio.

Treynor-Black Model

A portfolio optimization model that adjusts for risk and incorporates passive and active components.

Active Portfolio

An Active Portfolio is a collection of investments actively managed by fund managers or investors, regularly making buy, sell, and hold decisions in an attempt to outperform the benchmark index.