Which of the following statements would not be appropriate for inclusion within an Investment Policy Statement?
A. "The Trustee shall be responsible for approving the investment policy but may
B. To prohibit excessive trading, the asset manager may not rebalance the portfolio
C. The beneficiaries are risk averse. Therefore, the first priority of the investment
D. All of the above delegate its execution to one or more external investment managers." more frequently than once per year." strategy should be preservation of capital." an once per veaf.