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Which of the following reasons is least likely to explain why a portfolio has been moved from one composite to another? A. The firm has redefined the composite, and the portfolio no longer falls under the new definition. B. The portfolio size has grown above £5 million and is more suitable to the “UK Equities above £5 million” composite than the “UK Equities below £5 million” composite. C. The portfolio size has recently fallen below the minimum threshold specified for the “Japanese Value Equities above ¥500 million” composite. |