1. Select the most accurate response to the statement ‘Portfolio Management applied to a specific investor’s portfolio includes the following areas of focus…’
a. …making investment decisions based on an analysis of Capital Markets and the expected Risk/Return of Asset Classes selected for investment.
b. …making investment decisions based on a comprehensive initial analysis of Capital Markets and the expected Risk/Return of Asset Classes selected for investment combined with a comprehensive initial analysis of the investor’s portfolio and investor characteristics such as Risk and Required Return.
c. …making investment decisions based on initial and on-going analyses of Capital Markets and the expected Risk/Return of Asset Classes selected for investment combined with initial and on-going analyses of the investor’s portfolio and investor characteristics such as Risk and Required Return.