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One criticism of Z-score-based country allocation models is: They have a small-country bias. They are prone to collinearity across investment factors. Both s ome investment

One criticism of Z-score-based country allocation models is:

They have a small-country bias.

They are prone to collinearity across investment factors.

Both some investment factors sometimes abruptly stop working and they have a small-country bias are correct.

Some investment factors sometimes abruptly stop working.

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