Session 12: Portfolio Management
Reading 54: Basics of Portfolio Planning and Construction
LOS b: List and explain the major components of an IPS.
Brian Nebrik, CFA, meets with a new investment management client. They compose a statement that defines each of their responsibilities concerning this account and choose a benchmark index with which to evaluate the account’s performance. Which of these items should be included in the client’s Investment Policy Statement (IPS)?
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B) |
Neither of these items. | |
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C) |
Only one of these items. | |
Two of the major components of an IPS should be a statement of the responsibilities of the investment manager and the client, and a performance evaluation benchmark. | 
发表于 2011-3-24 16:12
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