Final answer:
Passive investment management tries to attain, but not beat, market averages.
Step-by-step explanation:
Passive investment management tries to attain, but not beat, market averages.
This statement is true.
Passive investment management is a strategy that involves investing in a diversified portfolio of stocks or other assets with the goal of matching the performance of a specific market index, such as the S&P 500. The aim is not to outperform the market, but rather to achieve a return that is similar to the overall market average.