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According to the Brunel Asset Management Accord, which of the following is least likely a...

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According to the Brunel Asset Management Accord, which of the following is least likely a cause for concern when conducting an annual performance evaluation of a manager against a long-term ESG investment mandate?

A.

A change in investment style

B.

Underperformance relative to the market benchmark

C.

The turnover in the portfolio outside the expected turnover range

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