"Portfolio Management":Performance measurement

来源: 正保会计网校编辑：小鞠橘桔 2021/01/04 11:47:00　字体：大小

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Questions 1:

The strategic asset allocation and portfolio rebalancing policy are most likely addressed in which section of an investment policy statement?

A、 Appendices

B 、Investment objectives

C、 Procedures

Questions 2:

Which of the following is least likely a part of the execution step of the portfolio management process?

A、 Security analysis

B、 Portfolio construction

C、 Performance measurement

View answer resolution

【Answer to question 1】A

【analysis】

A is correct. Information related to strategic asset allocation and portfolio rebalancing policy would be placed in the appendices of an investment policy statement.

B is incorrect because this section contains information on the client’s objectives when investing.

C is incorrect because this section contains information on the steps to take to keep the investment policy statement current and the procedures to follow to respond to various contingencies.

【Answer to question 2】C

【analysis】

C is correct. Performance measurement is a part of the feedback step of the portfolio management process. The execution step includes asset allocation, security analysis, and portfolio construction.

A is incorrect. Security analysis is a part of the execution step of the portfolio management process.

B is incorrect. Portfolio construction is a part of the execution step of the portfolio management process.

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