标题: Reading 54: Basics of Portfolio Planning and Construction-LO [打印本页]
作者: 1215 时间: 2011-3-24 16:11 标题: [2011]Session 12-Reading 54: Basics of Portfolio Planning and Construction-LO
Session 12: Portfolio Management
Reading 54: Basics of Portfolio Planning and Construction
LOS a: Explain the reasons for a written investment policy statement (IPS).
Which of the following is NOT a rationale for the importance of the policy statement in investing? It:
|
A) |
identifies specific stocks the investor may wish to purchase. | |
|
B) |
helps investors understand the risks and costs of investing. | |
|
C) |
forces investors to understand their needs and constraints. | |
The policy statement outlines broad objectives and constraints but does not get into the details of specific stocks for investment.
作者: 1215 时间: 2011-3-24 16:12
Which of the following best describes the importance of the policy statement? It:
|
A) |
outlines the best investments. | |
|
B) |
states the standards by which the portfolio's performance will be judged. | |
|
C) |
limits the risks taken by the investor. | |
The policy statement should state the performance standards by which the portfolio's performance will be judged and specify the benchmark that represents the investors risk preferences.
作者: 1215 时间: 2011-3-24 16:12
Which of the following is NOT a rationale for the importance of the policy statement in investing? It:
|
A) |
allows the investor to judge performance by objective standards. | |
|
B) |
specifies a benchmark against which to judge performance. | |
|
C) |
forces investors to take risks. | |
By no means should the policy statement force the investor to take risks. The statement forces investors to understand the risks of investing.
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