The major requirements of a portfolio manager include the following,except
A) Follow the client's policy statement.
B) Completely diversify the portfolio to eliminate all unsystematic risk.
C) The ability to derive above-average risk adjusted returns.
D) Completely diversify the portfolio to eliminate all systematic risk.
E) None of the above (that is, all are requirements of a portfolio manager)

Question

Quizplus · Accepted Answer

Systematic risk cannot be eliminated through diversification; it is inherent to the market.

The Major Requirements of a Portfolio Manager Include the Following,except