The Major Requirements of a Portfolio Manager Include the Following,except

question 17

Multiple Choice

The major requirements of a portfolio manager include the following,except

• A) Follow the client's policy statement.
• B) Completely diversify the portfolio to eliminate all unsystematic risk.
• C) The ability to derive above-average risk adjusted returns.
• D) Completely diversify the portfolio to eliminate all systematic risk.
• E) None of the above (that is, all are requirements of a portfolio manager)

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Definitions:

Deed

A legal document representing the ownership and boundaries of property, often used to transfer real estate between parties.

Implied Trusts

An imposed legal arrangement created by a court with the notion that parties acted as though a trust existed, despite not formally establishing one.

Courts

Judicial institutions authorized by the government to adjudicate disputes, interpret laws, and administer justice in legal cases.

Totten Trust

A form of revocable trust created by depositing funds in a bank account in the depositor's name as trustee for another, transferring the funds to the beneficiary upon the depositor's death.