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Which of the following is true about the comparison universe? a.Portfolio rankings can be misleading because some managers follow a particular portfolio subgroup and therefore
Which of the following is true about the comparison universe?
a.Portfolio rankings can be misleading because some managers follow a particular portfolio subgroup and therefore portfolios are not truly comparable.
b.The 50th percentile manager has a better investment performance than the 70th percentile manager.
c.It is used to measure the relative performance of a set of investment managers with different risk characteristics.
d. It is an active management strategy which involves a comparison of different stocks with high beta values.
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