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10) 10) portfolio construction starts with asset allocation. A) Upside-down B) Bottom-up C) Top-down D) Side-to-side
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Answer #1

Top down portfolio construction starts with asset allocation.

Top down portfolio construction means first looking at the macro picture of economy and then looking at the other minor feature.

So correct answer is C) Top-down

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10) 10) portfolio construction starts with asset allocation. A) Upside-down B) Bottom-up C) Top-down D) Side-to-side
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