CFA备考-典型例题典型例题_Port-2017.pdfVIP

Portfolio Management 1.In general, which of the following institutions will most likely have a high need for liquidity and a short investment time horizon? A. Banks B. Endowments C. Defined benefit pension plans Answer:A Banks have a short term horizon and high liquidity needs. 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 Answer: C Performance measurement is a part of the feedback step of the portfolio m