which conditons are required to answer for selecting appropriate portfolio?
for example, from pra exam 3 morning Q3
up to 10 % alternative
at least 25% to fixed income
at least 35% sharp ratio
and, select portfolio and answer three reason.
Schweser answer is, choosing portfolio XXX becaue
return is greater than 7.4
excessive cash drag
sharp ratio 36.7
why not to mention FI and alternative here?