The four-factor model used to construct performance benchmarks for mutual funds uses the three Fama and French factors and one additional factor related to _________.A. the tenure of the fund managerB. momentumC. feesD. the age of the fund manager
Momentum is one of the factors that affect stock valuation thats why the it is used as the fourth factor where as the other 3 factors have no affect on stock valuation and are specific to the funds internal matters.
