Q1. When constructing an investment policy statement (IPS), which of the following statements would be considered FALSE?
A) If there are liquidity requirements, the applicable after-tax return will need to be calculated. B) One of the distinguishing factors between individual and institutional investors is time horizon. C) The use of total return analysis is almost always the wrong way to approach an IPS.
Q2. Which of the following parts of an investment policy statement (IPS) is NOT considered a constraint?
A) Risk tolerance. B) Taxes. C) Time horizon.
Q3. When developing an investment policy statement (IPS), which of the following items should be one of the first considerations?
A) Unique circumstances. B) Return objectives. C) Liquidity.
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发表于 2009-1-20 10:29
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