The _____ is a written document that lists a clients return objectives and risk tolerance over the clients relevant time horizon, along with applicable constraints.

A) portfolio management process

B) Investment Policy Statement

C) capital market expectations

D) proxy statement

_____ represent(s) an investors projections regarding risk and return characteristics of various asset classes and influences the investors asset allocation strategy.

A) Capital market expectations

B) Investment objectives

C) Risk tolerance

D) Performance attribution