Custom Indices are tailor-made solution designed to suit clients' unique mandates or investment strategies. Which statement best describes their purpose?

Custom Indices are tailor-made solution designed to suit clients' unique mandates or investment strategies. Which statement best describes their purpose?

• A. They are standardized benchmarks
• B. They are tailored to client mandates
• C. They replace ISIN codes
• D. They are only used for derivatives

Answer: (B)