Reading 15: Managing Individual ....tor Portfolios －LOS i

between, required, investor, investment, individual

CFA Institute Area 3-5, 7, 12, 14-18: Portfolio Management
Session 4: Private Wealth Management
Reading 15: Managing Individual Investor Portfolios
LOS i: Distinguish between required return and desired return and explain the impact these have on the individual investor's investment policy.

tycoon

游客

UID: 13121
帖子: 2234
主题: 427
注册时间: 2005-11-8
最后登录: 2015-10-28

2^#

发表于 2008-9-16 18:34 | 只看该作者

Return requirements are those return levels associated with returns needed to meet:

A)	secondary goals.

B)	educational goals.

C)	vacation home goals.

D)	major goals.

Answer and Explanation

Return requirements are returns needed to attain major goals.

TOP

tycoon

游客

UID: 13121
帖子: 2234
主题: 427
注册时间: 2005-11-8
最后登录: 2015-10-28

3^#

发表于 2008-9-16 18:34 | 只看该作者

Desired return objectives are those return levels associated with:

A)	major goals.

B)	educational goals.

C)	secondary goals.

D)	vacation home goals.

Answer and Explanation

Desired return objectives are associated with secondary goals. Desired returns may be lowered if there is a disconnect between risk tolerance and return objectives.

TOP

tycoon

游客

UID: 13121
帖子: 2234
主题: 427
注册时间: 2005-11-8
最后登录: 2015-10-28

4^#

发表于 2008-9-16 18:35 | 只看该作者

Risk objectives should be evaluated during which stage of the investment policy statement process? Concurrently with the:

A)	capital market expectations formations.

B)	investment strategy decision.

C)	return objectives.

D)	asset allocation decision.

Answer and Explanation

Discussions of risk objectives should occur simultaneously with those of return objectives.

TOP

返回列表

Reading 15: Managing Individual ....tor Portfolios －LOS i

[收藏此主题] [关注此主题的新回复]

[通过 QQ、MSN 分享给朋友]