A Portfolio Manager's Ranking Within a Comparison Universe May Not

question 8

Multiple Choice

A portfolio manager's ranking within a comparison universe may not provide a good measure of performance because

• A)portfolio returns may not be calculated in the same way.
• B)portfolio durations can vary across managers.
• C)if managers follow a particular style or subgroup, portfolios may not be comparable.
• D)portfolio durations can vary across managers and if managers follow a particular style or subgroup, portfolios may not be comparable.

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Definitions:

Remotely Accessible

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Pay-Per-Usage

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Cloud Services

Internet-based services that provide users with a scalable and on-demand access to resources such as software, storage, and processing power.

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