问一道题：NO.PZ2019012201000058 [ CFA III ]

NO.PZ2019012201000058 问题如下 wey anSarr meet to scuss veloping a funmentactive investment process for the Purity Fun Tey start fning the investment universe anmarket opportunity for the fun anthen they pre-screen the universe to obtain a manageable set of securities for further, more taileanalysis. Next, wey notes thinstry ancompetitive analysis of the list of securities must performe He then asks Sarr to recommenthe next step in velopment of the funmentactive management process. Sarr’s recommention for the next step shoulto: A.review results from back-testing the strategy B.make recommentions for rebalancing the portfolio C.forecast companies’ performances anconvert those forecasts into valuations C is correct. The steps to veloping a funmentactive investment processare follows:1 fne the investment universe anthe market opportunity—the perceiveopportunity to earn a positive risk-austereturn to active investing, net of costs—in accornwith the investment mante. The market opportunity is also known the investment thesis.2 Prescreen the investment universe to obtain a manageable set of securities for further, more taileanalysis.3 Unrstanthe instry anbusiness for this screeneset performing instry ancompetitive analysis ananalyzing fnancireports.4 Forecast company performance, most commonly in terms of cash flows or earnings.5 Convert forecasts to valuations anintify ex- ante proftable investments.6 Construa portfolio of these investments with the sirerisk profle.7 Rebalanthe portfolio with buy ansell sciplines.So, Sarr shoulrecommenththe next step in the velopment of the funmentactive management process forecasting companies’ performances anconverting those forecasts into valuations 真的要背步骤吗？？