This unit’s assignment asks you to consider all elements discussed in chapter 20 and 21. Answer the questions below in a 2 full-page (minimum) paper and provide examples or use additional resources to highlight your points. You paper should have a solid introduction, body and conclusion (hint: assume that the reader of your paper has not read chapters 20 or 21 – what key points from the chapters would you share with them?)

• Performance evaluation of a portfolio is difficult. What challenges can investment managers face and what recommendations would you make in effort to meet these challenges?
• Portfolio insurance has always had an intuitive appeal to investors, particularly if the cost isn’t too great. What are some advantages and disadvantages that investment managers should be aware of?