标题: Reading 19: Low-basis Stock－LOS d [打印本页]
作者: tycoon 时间: 2008-9-17 15:12 标题: [2008] Session 4－Reading 19: Low-basis Stock－LOS d
CFA Institute Area 3-5, 7, 12, 14-18: Portfolio Management
Session 4: Private Wealth Management
Reading 19: Low-basis Stock
LOS d: Critique the effectiveness of outright sales, exchange funds, completion portfolios, and hedging strategies as techniques to reduce concentrated equity risk.
作者: tycoon 时间: 2008-9-17 15:13
Of the diversification techniques, the one that is most likely to result in immediate diversification, but require that the investors funds will be tied up for a fixed period of time is:
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| C) | establishment of a completion portfolio. |
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| D) | implementation of a hedge. |
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Answer and Explanation
Of the diversification techniques, the one that is likely to result in immediate diversification, but require that the investors funds will be tied up for a fixed period of time is the use of exchange funds.
作者: tycoon 时间: 2008-9-17 15:13
Of the diversification techniques, the one that is most likely to have the greatest tax costs is:
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| B) | establishment of a completion portfolio. |
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| C) | implementation of a hedge. |
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Answer and Explanation
Of the diversification techniques, the one that is likely to have the greatest tax costs is outright sale.
作者: tycoon 时间: 2008-9-17 15:14
Of the diversification techniques, the one that is most likely to be cost effective, but also effectively limit any further gains on the concentrated position is:
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C) | implementation of a hedge. |
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| D) | establishment of a completion portfolio. |
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Answer and Explanation
Of the diversification techniques, the one that is likely to be cost effective, but also effectively limit any further gains on the concentrated position is the implementation of a hedge.
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