Ethical and Professional Standards Q147

147Which of the followings statements best describe a composite?

A
A single portfolio for a specific client type such as a retail or institutional investor.
B
One or more portfolios managed to a similar investment mandate, objective or strategy.
C
One or more top-performing portfolios provided it is a pre-established criteria.

Option : B
Explanation : A composite is an aggregation of one or more portfolios managed according to a similar investment mandate, objective, or strategy.

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