宾客

"IPS nominal after tax return 7.8% "

谁把这题的计算公式列一下，中国区的题目我怎么记得是before tax。

宾客

 第一个客人选constant mix  strategy没错。

第二个客人呢，选CPPI还是buy and hold？

albaba

QUOTE:

以下是引用fenglee在2011-6-5 21:15:00的发言：

这个我也错了，看书VOL6， PAGE 100下面的EXAMPLE 9，概念理解的问题, brightcool is right

example 9有前提是“He wants to remain inrested in equities at all times.”

fenglee

QUOTE:

以下是引用brightcool在2011-6-5 21:29:00的发言：
you are wrong , never deviate IPS , law in CFAI

anyway, 我保留意见

fenglee

QUOTE:

以下是引用coshair在2011-6-5 21:12:00的发言：

 

这个地方，constant mix应该是relative risk tolerance相对不变，absolute risk tolerance会变大

 

我觉得应该是CPPI吧由于m>1所以equity是成比例增长

这题其实开始有提示，MANAGER PREDICT the market is non-trending, 这两道我也都错了，没找到做这类题的核心 看vol6, page 100, example 9, 基本一样

brightcool

you are wrong  , never deviate IPS , law in CFAI

fenglee

QUOTE:

以下是引用brightcool在2011-6-5 21:22:00的发言：
no , see book 264no2

I think this different from the context in the exam, the exam question is more around tactical asset allocation, it is not improper for a manager to seize the opportunity in the market where he see fits as long as they are agree and understood with the client.

brightcool

no , see book 264no2

fenglee

QUOTE:

以下是引用brightcool在2011-6-5 21:11:00的发言：
never deviate IPS unless you modify it with clients

The answer i chose said you can use your discretion when you see opportunity fits, but you have to agree BEFOREHAND with the client.

brightcool

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