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KKII · 2025年01月12日

A选项为啥错

* 问题详情,请 查看题干

NO.PZ201604030300004102

问题如下:

2. With respect to the commodities positions, which of the following actions best describes Black’s violation of the CFA Institute Standards of Professional Conduct? Black violated CFA Institute Standards by:

选项:

A.

buying an asset class in which she has no prior management experience.

B.

buying assets that are inconsistent with the portfolio’s Investment Policy Statement.

C.

failing to notify the client that she would temporarily deviate from the client’s Investment Policy Statement.

解释:

B is correct.

Under no circumstances should a manager take investment action that is inconsistent with the client’s IPS.

没有相关经验,这个违背了I(E)competence呀

1 个答案

王暄_品职助教 · 2025年01月13日

确实,I(E)所要求的“成员和候选人应维持并提升其专业知识和技能,并以谨慎和勤奋的态度执行其职责”。然而,在这个题目的情境中,Black擅自将商品纳入投资组合,这明显违反了客户明确规定的投资策略,即积极管理一个由本地小型高科技公司股票组成的股权投资组合,因此Black缺乏相关经验并不是主要的违规行为。她的主要问题是违反了客户的投资政策声明(IPS)。

当然选项A的描述也确实存在商榷,这是协会原版书课后题,是协会在这里确实没有仔细考量对选项A的描述。

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