The reasons for creating a Strategic Asset Allocation for retail investors based on allocating risk rather than on allocating returns include all of the following, except:

Group of answer choices

Historical returns of each asset in the portfolio is not a good predictor of future returns of each asset in the portfolio

Risk Parity based SAA are better diversified than equal $ allocated SAA.

Retail investors better understand their desired level of volatility rather than their desired required returns.

Creating an SAA based on optimising returns against risk may not allocate to investments that are important in a portfolio

Historical volatility is a good measure/predictor of future volatility of each asset in the portfolio