答案和详解如下： 1、Which of the following statements is part of the basic principles of the new Prudent Investor Rule? A) Current income for the trust is totally disregarded in favor of growth. B) Trustees must consider each investment against its own merits. C) Diversification is not expected in portfolios to reduce risk. D) Excessive trading and fees should be avoided. The correct answer was D) Current income must be considered in tandem with the need for growth. Investments in a portfolio should be considered based on the contribution to the portfolio's risk. Diversification is expected to reduce risk. 2、Which of the following statements about trustee actions is TRUE? Trustees must consider: A) an investment's risk/reward profile as it relates to the portfolio. B) the risk of an investment without regard to its return. C) the return of an investment without regard to its risk. D) neither the risk nor the return of the portfolio, instead focusing on trading costs. The correct answer was A) The new Prudent Investor Rule states that an investment's risk/reward profile must be considered as it relates to the overall risk of the portfolio. Both risk and return must be considered in tandem. 3、The new Prudent Investor Rule states that the practice of diversification: A) is expected in portfolios as a method of reducing risk. B) should not be practiced because it is too costly. C) should not be practiced when delegating investment authority. D) is not as important as generating current income. The correct answer was A) The new Prudent Investor Rule states that diversification is expected as a method of reducing risk. This contrasts to the old Prudent Man Rule which measured each investment by its own merits and not in the context of the portfolio. Abandoning diversification because of costs is never mentioned, nor is there mention that diversification is mutually exclusive with delegating authority or generating current income. | 
发表于 2008-5-20 14:32
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