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这次熬过去得了 · 2025年04月07日

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NO.PZ2021090805000019

问题如下:

Financial industry enthusiasts John and Bourne discussed the difference between managing institutional portfolios and managing personal portfolios. The following points were proposed:

1. Governance and decision-making processes are more focused on individual investors.

2. The regulatory environment for institutional investors and individual investors often differs.

3.After all, securities are securities, so asset selection is a skill that can easily be transferred from institutional investment portfolios to individual investment portfolios.

Which point is the most inaccurate about personal and institutional wealth management? The key points are:

选项:

A.

asset selection.

B.

the regulatory framework.

C.

governance and decision making.

解释:

A is correct. Compared to institutions, asset allocation and selection are much more difficult when managing individual investment portfolios. Wealth management for individuals must consider such constraints as time horizon, scale, taxation, and unique circumstances, such as preferred or restricted holdings of securities, all of which may interfere with the optimization of investors' investment portfolios. This situation is less likely to occur in the institutional environment.

B is not correct. The regulatory framework for institutional investors and individual investors is often vastly different. In some countries, there are different bodies dealing with each sector.

C is incorrect. Governance and decision-making processes are more focused on individual investors; Investment policy statements are the main governance structure, and wealth managers are usually given discretionary power to execute and report matters. Institutional governance is much more formal, and investment strategies and supervision are carried out by one or more layers of committees.

A是正确的。与机构相比,在管理个人投资组合时,资产配置和选择要困难得多。个人财富管理必须考虑时间范围、规模、税收和独特情况等限制因素,例如优先或限制持有的证券,所有这些都可能干扰投资者投资组合的优化。这种情况在机构环境中发生的可能性较小。

B不正确。机构投资者和个人投资者的监管框架通常大不相同。在一些国家,每个部门都有不同的机构处理。

C不正确。治理和决策过程更加集中于个人投资者;投资政策声明是主要的治理结构,财富管理人通常被赋予执行和报告事项的自由裁量权。机构治理要正式得多,投资战略和监督由一层或多层委员会执行。

After all, securities are securities, so asset selection is a skill that can easily be transferred from institutional investment portfolios to individual investment portfolios.这句话是不正确的,因此选A

A选项和 C选项不理解是什么意思

1 个答案

费费_品职助教 · 2025年04月07日

嗨,从没放弃的小努力你好:


1. Governance and decision-making processes are more focused on individual investors. ----------------C.governance and decision making.这是站在基金经理的角度去看,在治理和决策的过程中基金经理需要更加关注个人投资者,因为机构投资者有内部治理、投资流程以及监管要求。


2. The regulatory environment for institutional investors and individual investors often differs.-----------B.the regulatory framework. 机构投资者的监管更复杂更严格,与个人投资者不同,这个说法正确。


3.After all, securities are securities, so asset selection is a skill that can easily be transferred from institutional investment portfolios to individual investment portfolios. -------A.asset selection. 这个表述不对,机构投资者和个人投资者有很多方面的区别,不能直接把机构的资产配置经验放在个人身上应用,所以这个选项说的不对,题目问的是选表述不正确的,所以选A。





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