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

question 15

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

---

Definitions:

Sufficient

Enough to meet the needs of a situation or a proposed end.

Practical Intelligence

Refers to the ability to solve everyday problems by utilizing knowledge gained from experience in contrast to academic or book knowledge.

Corporate Manager

An individual who is in charge of overseeing the operations and making decisions within a company or organization.

Academic Intelligence

Refers to the ability to achieve success in school and other educational settings, focusing on skills like understanding, applying knowledge, and problem-solving within academic disciplines.