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The table below presents asset allocation information for four portfolios Portfolio Fixed income (6) Equity (5) 60 Alternative assets (5) IS 1 25 15 |

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The table below presents asset allocation information for four portfolios Portfolio Fixed income (6) Equity (5) 60 Alternative assets (5) IS 1 25 15 | 2 60 25 3 60 25 15 4 45 50 5 Which of the four portfolios is least appropriate for an investor with a low degree of risk tolerance? Portfolio Portfolio 2 Portfolio 3 The investor would be indifferent between all four portfolios Portfolio 4

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