In mathematical finance, a replicating portfolio for a given asset or series of cash flows is a portfolio of assets with the same properties (especially cash flows). This is meant in two distinct senses: static replication, where the portfolio has the same cash flows as the reference asset (and no changes need to be made to maintain this), and dyn...
A portfolio constructed to match an index or benchmark.
A portfolio constructed to match an index or benchmark. 
A portfolio constructed to match an index or benchmark.