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    Investment Analysis and Portfolio Management Study Set 1
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    Exam 2: Asset Allocation and Security Selection
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    Research from the 1970s to the 1990s Found That Over
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Research from the 1970s to the 1990s Found That Over

Question 34

Question 34

Multiple Choice

Research from the 1970s to the 1990s found that over 90 percent of a fund's returns over time is explained by


A) market timing.
B) stock selection.
C) manager selection.
D) asset allocation.
E) cash allocation.

Correct Answer:

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