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

question 77

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.
• E) All of the options are correct.

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Definitions:

Sleeping Sickness

A parasitic disease transmitted by the tsetse fly, characterized by fever, headaches, joint pains, and sleep disturbances.

Incomplete Digestive Tract

A type of digestive system where a single opening serves as both mouth and anus, common in simpler organisms like cnidarians and flatworms.

Trachea

In insects, air tube located between the spiracles and the tracheoles. In tetrapod vertebrates, air tube (windpipe) that runs between the larynx and the bronchi.

Cephalothorax

A body region found in certain arthropods, including spiders and crustaceans, that combines the head and the thorax into one unit.