HI @AnuragSeth Good observation
So, I'm highly confident that it's wrong to infer portfolio return and volatility questions aren't relevant just because Chapter 5 was dropped, I hope that helps,
- Yes, with respect to the Study Guide, Elton Chapters 5, 13, and 14 (from 2013 and prior) have been reduced to Elton Chapter 13 in 2014;
- We are in the process of updating this reading section, at the moment, but I am going to retain Chapter 5; the Note reflects our desired state: Study Notes: Elton & Gruber, Chapter 13 (A. 5); i.e., we retain Chapter 5 but as an Appendix to maintain consistency with Study Guide.
So, I'm highly confident that it's wrong to infer portfolio return and volatility questions aren't relevant just because Chapter 5 was dropped, I hope that helps,