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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