He has a relatively high risk$-$tolerance. Also, Mr Zap may wish to take out up to $$5$m

from the portfolio over the next $2$ years.

Ms Dazzle works in the Wealth Management division of a large US bank and is

pitching to manage Mr Zap$$s money.

Clearly explain and justify the key logical steps in Ms Dazzle$$s $$pitch$/$strategy$$ to Mr

Zap.

Explain how she might decide on the bond$-$stocks split in the portfolio, how she might

use ONE specific $$active investment strategy$$ and explain what performance metrics

she will use to justify the success of her active strategy $($in the past and in the future$).$

$($Note that Mr Zap has taken a course in finance, so understands basic technical

terms$).$