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Major functions of the investment committee include all but which one of the following? Engage in security selection for each portfolio managed. Broadly determine the

Major functions of the investment committee include all but which one of the following?

  1. Engage in security selection for each portfolio managed.
  2. Broadly determine the overall asset allocation of the investment company.
  3. Determine the asset-class weights for each portfolio.
  4. Determine the asset universe.

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