Normal portfolio(redirected from Normal Portfolios)
A customized benchmark that includes all the securities from which a manager normally chooses, weighted as the manager would weight them in a portfolio.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
The portfolio of investments a money manager ordinarily makes. If a money manager deviates from his/her investment strategy at any given time for any reason, a normal portfolio is useful to help the money manager (or his/her client) determine how the investments would have performed had he/she simply used his/her usual strategy. See also: Benchmark.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved