标题: Reading 15: Managing Individual ....tor Portfolios －LOS h [打印本页]
作者: tycoon 时间: 2008-9-16 18:30 标题: [2008] Session 4－Reading 15: Managing Individual ....tor Portfolios －LOS h
CFA Institute Area 3-5, 7, 12, 14-18: Portfolio Management
Session 4: Private Wealth Management
Reading 15: Managing Individual Investor Portfolios
LOS h: Explain the process involved in creating an investment policy statement.
作者: tycoon 时间: 2008-9-16 18:30
Which of the following represents the process involved in creating an investment policy statement?
| A) | Evaluate capital market expectations and investment strategies. |
|
| B) | Evaluate objectives, capital market expectations, and investment strategies. |
|
| C) | Determine constraints and formulate investment strategies. |
|
D) | Evaluate objectives and constraints and combine them with capital market expectations. |
|
Answer and Explanation
Objectives and constraints are evaluated, and when they are combined with capital market expectations, the investment policy statement is created.
作者: tycoon 时间: 2008-9-16 18:31
Which of the following statements regarding the investment policy statement is FALSE? An individuals investment policy statement:
| A) | differs from an institution's in that time horizon plays a more prominent role. |
|
B) | is exactly the same as that of an institution's. |
|
| C) | differs from an institution's in that taxes play a more prominent role. |
|
| D) | includes planning, execution, and feedback. |
|
Answer and Explanation
An individuals investment policy statement differs from an institutions in that time horizon, taxes, and unique circumstances play a more prominent role. The overall process is the same.
| 欢迎光临 CFA论坛 (http://forum.theanalystspace.com/) |
Powered by Discuz! 7.2 |