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composite construction-switching portfolios
curriculum vol 6 page 304 says in the blue box that when a portfolio is to be switched to a new composite then its historical performance must remain with appropriate composite...
then 4 lines below in the text it says historical performance must remain with original composite...
which is it?
if i change composites due to change of investment strategy then historical performance of portfolio will remain with original composite which is not applicable anymore??
thanks in advance... |
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