Session 12: Portfolio Management
Reading 51: Portfolio Management: An Overview
LOS b: Discuss the types of investment management clients and the distinctive characteristics and needs of each.
High risk tolerance, a long investment horizon, and low liquidity needs are most likely to characterize the investment needs of a(n):
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B) |
defined benefit pension plan. | |
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A defined benefit pension plan typically has a long investment time horizon, low liquidity needs, and high risk tolerance. Insurance companies and banks typically have low risk tolerance and high liquidity needs. Banks and property and casualty insurers typically have short investment horizons. | 
发表于 2011-3-24 15:31
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