A portfolio manager's ranking within a comparison universe may not provide a good measure of performance because
A)portfolio returns may not be calculated in the same way.
B)portfolio durations can vary across managers.
C)if managers follow a particular style or subgroup, portfolios may not be comparable.
D)portfolio durations can vary across managers and if managers follow a particular style or subgroup, portfolios may not be comparable.
E)All of the options

Question

Quizplus · Accepted Answer

Returns are typically time weighted for all portfolios, and broad risk classes or styles are grouped together; but particular subgroups and differences in duration are typically not considered.

A Portfolio Manager's Ranking Within a Comparison Universe May Not