Question: A firm that first insists that it invests a specific percentage of its portfolio in bonds, stock, and in treasury bills, rather than first trying
A firm that first insists that it invests a specific percentage of its portfolio in bonds, stock, and in treasury bills, rather than first trying to identify specific good stocks or bonds, is most likely practicing what type of portfolio construction?
A. Agent portfolio construction
B. Random portfolio construction
C. Top down portfolio construction
D. Botton up portfolio construction
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