b) A large South African fund that with no geographic restrictions in its mandate invests 96.54% of its assets under management (AUM) in South African stocks. Identify and define the heuristic the fund is likely to be displaying. Highlight 2 possible reasons as to why the fund could be displaying the heuristic. (8 Marks) c) Hello Telecoms (HTL) listed on the Johannesburg Stock Exchange (JSE) has just received a very cov- eted corporate governance award. In your Monday morning meetings, one of your colleagues suggests that HTL be placed on the buy list given this recent development. He further adds that the company has had consistent growth in earnings in the past. Do you agree with your colleague? Why or why not? Which heuristic is he likely to be displaying? (8 Marks) b) A large South African fund that with no geographic restrictions in its mandate invests 96.54% of its assets under management (AUM) in South African stocks. Identify and define the heuristic the fund is likely to be displaying. Highlight 2 possible reasons as to why the fund could be displaying the heuristic. (8 Marks) c) Hello Telecoms (HTL) listed on the Johannesburg Stock Exchange (JSE) has just received a very cov- eted corporate governance award. In your Monday morning meetings, one of your colleagues suggests that HTL be placed on the buy list given this recent development. He further adds that the company has had consistent growth in earnings in the past. Do you agree with your colleague? Why or why not? Which heuristic is he likely to be displaying? (8 Marks)