Which of the following, according to the Brunel Asset Management Accord, is not in itself a likely cause for concern?单项选择题

A

short-term underperformance

B

a change in the expected investment style

C

lack of understanding of reasons for underperformance

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Question text 5Marks Zara wants to evaluate three mutual funds (Fund A, B and C) using the information ratio measure for performance evaluation. The risk-free return during the sample period is 5%, and the average return on the market portfolio is 18%. The average returns, residual standard deviations, and betas for the three funds are given below. [table] Funds | Average Return | Residual Standard Deviation | Beta Fund A | 19% | 4% | 0.8 Fund B | 20% | 1.25% | 1.0 Fund C | 22% | 1.20% | 1.2 [/table] Alpha for A is Answer 1[select: , 3.6, 0.9, 2.0, 1.17, 1.4] Alpha for B is Answer 2[select: , 3.6, 0.9, 2.0, 1.17, 1.4] Alpha for C is Answer 3[select: , 3.6, 0.9, 2.0, 1.17, 1.4] The fund with the highest information ratio measure is: Answer 4[select: , Fund A, Fund B, Fund C, Funds A and B (tied for highest), Funds A and C (tied for highest)] The fund with the lowest information ratio measure is: Answer 5[select: , Fund A, Fund B, Fund C, Funds A and B (tied for highest), Funds A and C (tied for highest)] Notes Report question issue Question 1 Notes

Question 30 Choose a, b, c or d as the best answer. The author’s main argument is that the 100:80:100 model __________.

The 100:80:100 model will most likely 25. ____ to more fields of work with productivity improvements. Businesses which continue with the traditional working week could have 26. ____ , and may be forced to agree to the model. They would need to do this to stay 27.____. The advantages of a reduced working week have been revealed by 28. ____ businesses. Future trials of the concept must include those 29. Answer Question 17[input] not surveyed in the first round.

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