Semiactive investing can be implemented through
A. A derivative-based portfolio consisting of a cash position plus a long position in a swap in which the returns to an index representing that asset class is received
B. A derivative-based portfolio consisting of a cash position plus a long position in index futures for the asset class
C. A tracking portfolio of cash market securities that permits some under- or overweighting of securities relative to the asset class index but controlled tracking risk
D. A portfolio of cash market securities that reflects the investor’s perceived special insights and skill and that also makes no attempt to track any asset-class index’s performance