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IPS question

the description like this:


"Mr. XXX does not want a portfolio value decline of more than 10 percent in nominal terms in any given 12-month period."


shall belong to which section of IPS? risk objective? unique constraint? or else?


thx.

I think I have seen many inconsistent ways of putting them.

Risk tolerance.

TOP

this goes straight to willingness which will figure in risk tolerance.

TOP

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