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NEW QUESTION: 1
Sara Robinson and Marvin Gardner are considering an opportunity to start their own money management firm. Their conversation leads them to a discussion on establishing a portfolio management process and investment policy statements. Robinson makes the following statements:
Statement 1;
Our only real objective as portfolio managers is to maximize the returns to our clients.
Statement 2:
If we are managing only a fraction of a client's total wealth, it is the client's responsibility, not ours, to determine how their investments are allocated among asset classes.
Statement 3: When developing a client's strategic asset allocation, portfolio managers have to consider capital market expectations. In response, Gardner makes the following statements:
Statement 4: While return maximization is important for a given level of risk, we also need to consider the client's tolerance for risk.
Statement 5: We'll let our clients worry about the tax implications of their investments; our time is better spent on finding undervalued assets.
Statement 6: Since we expect our investor's objectives to be constantly changing, we will need to evaluate their investment policy statements on an annual basis at a minimum.
Robinson wants to focus on younger clientele with the expectation that the new firm will be able to retain the clients for a long time and create long-term profitable relationships. While Gardner felt it was important to develop long-term relationships, he wants to go after older, high-net-worth clients.
Are Statements 2 and 3 correct when considering asset allocation?
A. Only Statement 3 is correct.
B. Both statements are correct.
C. Only Statement 2 is correct.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Strategic asset allocation requires investment managers to consider all sources of income and risk. It also requires an analysis of capital market conditions and specific risk and return characteristics of individual assets. Therefore, Statement 2 is incorrect, and Statement 3 is correct. (Study Session 18, LOS 68.e)
NEW QUESTION: 2
Which protocol can be used to signal the outer label for a VPN service?
A. TLDP
B. LDP
C. IPCP
D. PPP
Answer: B
NEW QUESTION: 3
顧客のワークロードの物理的な分離をサポートするコスト分析を実行する場合、総所有コスト（TCO）でどのコンピューティングホスティングモデルを考慮する必要がありますか？
A. オンデマンドインスタンス
B. リザーブドインスタンス
C. 専用ホスト
D. 先行予約インスタンスなし
Answer: C
Explanation:
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