答案b为什么不对？

问题如下：

According to the Brunel Asset Management Accord, which of the following concerns are most likely of limited significance in evaluating an asset manager against an ESG investment mandate?

选项：

A.Loss of key personnel

B.Change in investment style

C.Short-term underperformance

解释：

A is incorrectbecause the list of issues that the Brunel Asset Management Accord identifiesas likely to give rise to concerns are much more about culture and a failure toadhere to the expected investment process or style than about performance.These issues include organization instability or the loss of key personnel.

B is incorrectbecause the list of issues that the Brunel Asset Management Accord identifiesas likely to give rise to concerns are much more about culture and a failure toadhere to the expected investment process or style than about performance.These issues include a change in investment style, or investments that do notfit into the expected style.

C is correctbecause the document [Brunel Asset Management Accord] emphasizes thatshort-term underperformance is not in itself likely to give rise to undueconcern for the client: “Investment performance, particularly in the shortterm, will be of limited significance in evaluating the Manager.”