题目内容

Who is most likely responsible for claiming and maintaining compliance with the CFA Institute Global Investment Performance Standards (GIPSY)?

A. Independent verification firms
B. The firm claiming compliance
C. The performance measurement department

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The execution step of the portfolio management process includes:

A. Finalizing the asset allocation.
B. Monitoring the portfolio performance.
C. Preparing the investment policy statement.

Which of the following least likely describes an advantage of investing in hedge funds through a fund of funds? A fund of funds may provide investors with:

A. Lower fees due to economies of scale.
B. Access to funds that are closed to new investors.
C. Access to managers with expertise in finding reliable and good-quality hedge funds.

Colin Caldwell, CFA, is the chief investment officer of Northwest Mutual Fund, whose investment objective is to invest in fixed income emerging market securities. Caldwell allocates the funds assets p

A. diversification.
B. Communication with clients.
C. Investments outside his mandate.

Oliver Opdyke, CFA, works for an independent research organization that does not manage any client money. In the course of his analysis of Red Ribbon Mining he hears rumors the president of Red Ribbon

A. Immediately publish a sell recommendation for Red Ribbon Mining.
B. Confirm the presidents diagnosis before publishing his research report.
C. Encourage Red Ribbon Mining management to disclose the presidents medical condition.

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