标题: Reading 15: Managing Individual ....tor Portfolios －LOS i [打印本页]
作者: tycoon 时间: 2008-9-16 18:33 标题: [2008] Session 4－Reading 15: Managing Individual ....tor Portfolios －LOS i
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.
作者: tycoon 时间: 2008-9-16 18:34
Return requirements are those return levels associated with returns needed to meet:
Answer and Explanation
Return requirements are returns needed to attain major goals.
作者: tycoon 时间: 2008-9-16 18:34
Desired return objectives are those return levels associated with:
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.
作者: tycoon 时间: 2008-9-16 18:35
Risk objectives should be evaluated during which stage of the investment policy statement process? Concurrently with the:
| A) | capital market expectations formations. |
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| B) | investment strategy decision. |
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| D) | asset allocation decision. |
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Answer and Explanation
Discussions of risk objectives should occur simultaneously with those of return objectives.
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