Question: 3. For a client that is interested in the diversification benefits of international bond investing, why might the selection of a longer-term time horizon (such

3. For a client that is interested in the diversification benefits of international bond investing, why might the selection of a longer-term time horizon (such as two to three years)

be preferred to a short-term time horizon (for example, one quarter) to evaluate the performance of a manager?

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