A Manager's Superior Returns Could Have Occurred Due to

question 2

Multiple Choice

A manager's superior returns could have occurred due to

• A) an insightful asset allocation strategy that over weighted an asset class that earned high returns.
• B) investing in undervalued sectors.
• C) selecting individual securities that earned above average returns.
• D) timing broad market movements.
• E) All of these are correct.

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Definitions:

Previous Knowledge

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Criterion Data

Criterion data are objective measures used as standards to evaluate the performance or outcomes of tests, procedures, or candidates in various contexts.

Sound Criterion

A valid and reliable standard or benchmark used for making judgments or decisions.

Characteristics

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