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The answer given was that the valuation ratios ( P/E , P/B) are very similar to the index which is obviously a market index. Since there is no value tilt or growth tilt , it resembles a market-oriented style more than anything else.
I got this one right but for the wrong reason. I didn't even look at the valuation ratios for the index, I was in such a hurry , I just scanned left to right and decided it didn't look valuey or growthy so must be market - oriented. |
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