Studies of style analysis have found that ________ of fund returns can be explained by asset allocation alone.

A) between 50% and 70%
B) less than 10%
C) between 40 and 50%
D) between 75% and 90%
E) over 90%

Style Analysis

An investment strategy analysis tool used to understand the performance of a portfolio by identifying the factors contributing to its returns.

Fund Returns

The profit or loss on an investment over a specific period, often expressed as a percentage of the investment's initial value.

Asset Allocation

Asset allocation is an investment strategy that aims to balance risk and reward by apportioning a portfolio's assets according to an individual's goals, risk tolerance, and investment horizon.