A Passive Benchmark Portfolio Is _______________

Multiple Choice

A passive benchmark portfolio is _______________.
I.a portfolio where the asset allocation across broad asset classes is neutral and not determined by forecasts of performance of the different asset classes
II.one where an indexed portfolio is held within each asset class
III.often called the bogey

A) I only
B) I and III only
C) II and III only
D) I, II and III