1. A fund of funds will invest in many different funds since its assets under management is very large. It will use the __________ measure to evaluate the performance of its portfolio. An index fund wishes to add an active portfolio to its current passive holdings. It will use the ____________ measure to evaluate the performance of its complete portfolio.

   		Sharpe; Sharpe
   		Sharpe; Treynor
   		Treynor; Sharpe
   		Treynor; Treynor
   		Cannot be determined from the information given.