a) Why have passive portfolio management strategies increased in use over time? What is meant by an indexing portfolio strategy? How might it differ from buy and hold passive portfolio strategy? (5 marks) b) What are the key considerations for value investors and growth investors? Can beta alone explain the risk adjusted difference between value and growth investors? (7 marks) C) What information would you need to collect for developing an investment policy for potential investor? (8 marks) (Total 20 marks)