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1.Explain the concept of 'Efficient Market Hypothesis, EMH'. What are the implications of different forms of EMH to investment styles, asset management and portfolio management

1.Explain the concept of 'Efficient Market Hypothesis, EMH'. What are the implications of different forms of EMH to investment styles, asset management and portfolio management ? What should be the duties and roles of fund managers who manage different types of funds ?

2. Discuss the common market anomalies discussed in the lecture notes and textbook. Give reallife examples as appropriate.

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