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LOS e: Explain how capital market expectations and the investment policy statement help influence the strategic asset allocation decision and discuss how an investor's investment time horizon may influence the investors' strategic asset allocation.
Q1. A money manager who crafts portfolios using all of Standard & Poor’s sector index exchange traded funds (ETFs), aggressively overweighting and underweighting sectors, follows what investment strategy?
A) Active.
B) Passive.
C) Semi-active.
Q2. Karen Mogdans is a money manager working on an account for Jim Howell. In order to channel Mogdans’ knowledge of the risk and return characteristics of different asset classes into a strategic asset allocation for Howell, she needs:
A) an investment policy statement (IPS).
B) a return target.
C) a rebalancing strategy.
Q3. Horace Cline buys large-cap stocks and shorts S& 500 Index futures. What investment strategy does Cline practice?
A) Growth.
B) Semi-active.
C) Active. | 
发表于 2009-4-2 14:56
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