Bailey, Richards, and Tierney maintain that any useful benchmark should have the following characteristics:
A) ambiguous.
B) investable.
C) value-weighted.
D) use the median manager from a peer group.
E) reflective of past investment opinions.

Question

Quizplus · Accepted Answer

The Answer of Bailey, Richards, and Tierney maintain that any useful benchmark should have the following characteristics:
A) ambiguous.
B) investable.
C) value-weighted.
D) use the median manager from a peer group.
E) reflective of past investment opinions.

Bailey, Richards, and Tierney Maintain That Any Useful Benchmark Should