THE CHARACTERIZATION OF BRIGGS’ INVESTMENT AS FOLLOWING A CORE-SAT...

23. - 2011 CFA LEVEL III MOCK EXAM QUESTIONS
2011 CFA LEVEL III MOCK EXAM QUESTIONS
23. The characterization of Briggs’ investment as following a core-satellite approach is most likely: A. correct. B. incorrect, because too little of the portfolio was passively invested. C. incorrect, because the funds invested in are benchmarked against the wrong index.