Question: Question Explain the process above,clearly state what happens in each phase. Exhibit A The Portfolio Management Process Identification and Specification of: Investors' Objectives Investors' Constraints

Question
Explain the process above,clearly state what happens in each phase.
Exhibit A The Portfolio Management Process Identification and Specification of: Investors' Objectives Investors' Constraints Expectational Factors Regarding Economic Analysis, Market Analysis, and Individual Security Analysis Determination of Portfolio Policies Integration of Portfolio Policies and Expectational Factos: Asset Allocation Investment Strategies Execution Monitoring the Portfolio And Responding to Change Portfolio Performance
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