KB is in charge of assessing investment managers hired by KTB funds. KTB states its investment strategy as being adept at investing in undervalued securities in equity and debt markets. In accessing the equity manager's performance relative to KTB's investment strategy, the metric that is most useful is:
A. within sector selection return
B. pure sector allocation return
C. the excess return of the portfolio over its benchmark
Q: the correct answer is A. 讲解说因为考的是选股，但是debt market不是bond吗？
