CFA一级 每日一练 中英对照11.26

@蓝海@

本帖最后由 @蓝海@ 于 2013-11-26 17:12 编辑

CFA一级 每日一练 中英对照11.26
Tony Clinton, a portfolio manager with Northwest Bank, has just been given investment authority for a newly-acquired pension account.Client objectives have not yet been established. On the day Clinton was given the account, $2 million of the account’s bond holdings, representing 4 percent of the portfolio, matured. Based on AIMR Standards of Professional Conduct, which of the following is Clinton's best course of action on that day?A. Make no decision until the client’sobjectives are established.B. Invest the proceeds in line with thebank's current asset allocation strategy.C. Invest the proceeds in cash equivalentsuntil Clinton can arrange a meeting with the client to establish fundobjectives.D. Contact the client's former investmentadvisor to find out the appropriate investment action based on previously-usedguidelines.【ANSWERS】C【Reference】Standards of Practice Handbook, 7th ed.,Standard IV(B.2), Portfolio Investment Recommendations and Actions, pp. 95–102.

托尼·克林顿，是西北银行的一名投资组合经理，刚刚被赋予用于新收购的养老金账户的投资权威。客户目标尚未确立。当天克林顿被赋予了持有量为200万的占投资组合的4%的到期债券账户。根据AIMR标准职业行为，下列哪个是行动的那一天克林顿的最好的安排？
A.不作任何决定，除非客户端的目标确立。
B.投资收益与银行目前的资产配置策略。
C.投资于现金等值的款项，直到克林顿可以安排与客户会面，以设立基金的目的。
D.联络客户的前投资顾问找出基于先前使用的适当的投资行动。
【答案】 Ç
【参考文献】
实践手册，第7版，标准四（ B.2 ） ，证券投资建议和行动，页95-102标准。