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It manages part of the equity portfolio in-house and delegates management of the balance to super trust company.as chief investment officer, you want to review the performance of the in-house and super trust portfolios over the last four quarters. you have arranged for outflows and inflows to the portfolios to be made at the very beginning of the quarter. Table 5 summarizes the inflows and outflows as well as the two portfolios' valuations. In the table, the ending value is the portfolio's value just prior to the cash inflow or outflow at the beginning of the quarter.The amount invested is the amount each portfolio manager is responsible for investing. 题目中最后两句没读懂,每季度的终值是ending value,初值为什么是amount invested而不是beginning value或beginning of period inflow(outflow)?
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