R
rahsamcl
Member
Subject 301, April 2004, Question 9: in calculating the quarterly performances of the benchmark fund the amounts invested in bonds and equities at the start of each quarter are based on the performance experienced in the previous quarter.
By contrast Subject ST5, April 2010, Question 4: a similar question to above but this time the answer effectively assumes that the benchmark portfolio is rebalanced in line with the strategic allocation at the start of each quarter.
Can anybody explain why these two questions use the two different approaches?
By contrast Subject ST5, April 2010, Question 4: a similar question to above but this time the answer effectively assumes that the benchmark portfolio is rebalanced in line with the strategic allocation at the start of each quarter.
Can anybody explain why these two questions use the two different approaches?