Natalya works in portfolio investments department of her company and is mainly busy with portfolio planning and construction. Please help Natalya with providing answers to the questions below. Required: 1. Describe what does a low tracking error and high tracking error means in portfolio's relative risk objectives. (2 points) 2. Briefly explain what should Natalya write in the "Statement of Duties and Responsibilities" section of an Investment Policy Statement (IPS)? (2 points) 3. List and briefly describe at least 4 other sections Natalya should have in her Investment Policy Statement (IPS)? (4 points)