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灰飞翔的猫 · 2025年02月01日

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NO.PZ2023021602000044

问题如下:

Kelly Amadon, CFA, an investment adviser, has two clients: Ryan Randolf, 65 years old, and Keiko Kitagawa, 45 years old. Both clients earn the same amount in salary. Randolf, however, has a large amount of assets, whereas Kitagawa has few assets outside her investment portfolio. Randolf is single and willing to invest a portion of his assets very aggressively; Kitagawa wants to achieve a steady rate of return with low volatility so she can pay for her child's current college expenses. Amadon recommends investing 20% of both clients' portfolios in the stock of very low-yielding smallcap companies. Amadon least likely violated the CFA Institute Standards of Professional Conduct in regard to his investment recommendations for:

选项:

A.only Randolf's portfolio.

B.only Kitagawa's portfolio.

C.both clients' portfolios.

解释:

In Randolf's case, the investment may be appropriate given this client's financial circumstances and aggressive investment position. This investment would not be suitable for Kitagawa because of her need for a steady rate of return and her low-risk profile.

不理解为什么不选C?对于R同学,他是个激进投资者,投股票的话风险高收益也高好理解,但小盘股是low yield的话,因为收益低所以对R同学不适合对么?另外对对于K同学,他不是希望有个稳定的收益么?股票收益应该不稳定吧,为什么对他来说就是合适的?

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