Even if the markets are efficient,professional portfolio management is still important because it provides investors with _________.
I.low cost diversification
II.provides a portfolio with a specified risk level
III.provides better risk adjusted returns than an index
A) I only
B) I and II only
C) II and III only
D) I, II and III

Question

Quizplus · Accepted Answer

Professional portfolio management is important because it can offer low-cost diversification and tailor a portfolio to a specified risk level, even in efficient markets. However, it does not guarantee better risk-adjusted returns than an index.

Even If the Markets Are Efficient,professional Portfolio Management Is Still