|
Q5. The performance of professional money managers taken as a whole has been:
A) above average.
B) a support for semi-strong form of the EMH.
C) below average.
Q6. Which of the following statements least likely describes the role of a portfolio manager in perfectly efficient markets? Portfolio managers should:
A) quantify client's risk tolerance, communicate portfolio policies and strategies, and maintain a strict buy and hold policy avoiding any changes in the portfolio to minimize transaction costs.
B) construct a portfolio that includes financial and real assets.
C) construct diversified portfolios that include international securities to eliminate unsystematic risk.
Q7. A portfolio manager should help an individual do all of the following EXCEPT:
A) ignore risk tolerances because markets are efficient.
B) offer the client diversification and a stable risk level.
C) rebalance portfolios when necessary.
Q8. The implication of efficient capital markets and a lack of superior analysts have led to the introduction of:
A) balanced funds.
B) index funds.
C) futures options.
| 
发表于 2009-3-2 13:28
| 
