Which of the following statement is correct regarding the use of beta and alpha drivers in portfolio construction?

a.

To use beta drivers to gain broad market risk exposures and allocate most of the capital to the alternative assets with the greatest alpha.

b.

To use beta drivers to gain broad market risk exposures and allocate most of the capital to the mutual funds with the greatest beta exposures.

c.

To extract active returns from beta drivers and allocate most of the capital to the alternative assets with the greatest alpha.

d.

To extract active returns from beta drivers and allocate most of the capital to the mutual funds with the greatest beta exposures.