Finance Brain
Courses
Home
Sign in
← Asset Allocation
1 / 4
Question
What did the Brinson, Hood & Beebower 1986 study find about the drivers of portfolio return variability?
1
Transaction costs explained the majority of return variability between portfolios
2
Market timing explained the majority of return differences between pension funds
3
Security selection explained approximately 93% of the variability in portfolio returns
4
Asset allocation policy explained approximately 93.6% of the variability in quarterly portfolio returns across funds
Press 1–4 to pick an answer
Finance Brain