Explain the steps involved in the process of portfolio management. Discuss the fiduciary responsibilities of a Portfolio Manager?
Portfolio management is the process of managing an investment portfolio to achieve the investment objectives of the investor. It involves the following steps:
Setting Investment Objectives: The first step in portfolio management is to define the investment objectives of the investor, such as capital preservation, capital appreciation, or income generation.
Asset Allocation: The next step is to determine the appropriate asset allocation based on the investment objectives and the risk tolerance of the investor. This involves deciding on the mix of different asset classes, such _______ _______ ___ ____ _______ _________ _____ __________ ______.
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