Q1. Which of the following concerning the steps in the portfolio management process is least accurate? FOCUS ACTIONS
A) Implementation Current and future market conditions Identify risk tolerance B) Monitoring Feedback loop Update investor’s needs C) Investment strategy Short-term and intermediate term market expectations Construct a strategy based on the policy statement
Q2. Which of the following is least likely part of the portfolio-management process? A) limiting the portfolio’s tax liability. B) identifying the investor’s goals and constraints. C) rebalancing the portfolio.
Q3. Which of the following statements about the steps in the portfolio management process is FALSE? A) Rebalancing the investor’s portfolio is done on an as-needed basis, and should be reviewed on a regular schedule. B) Developing an investment strategy is based on an analysis of historical performance in financial markets and economic conditions. C) Implementing the plan is based on an analysis of the current and future forecast of financial and economic conditions.
Q4. Which of the following is NOT one of the four general steps in the portfolio management process? A) Monitoring and updating the investor’s needs and market conditions. B) Specifying strategic asset allocations. C) Implementing the plan.
Q5. Which of the following is generally the first general step in the portfolio management process? A) Develop an investment strategy. B) Specify capital market expectations. C) Write a policy statement.
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发表于 2009-1-22 11:21
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