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LizLiu · 2020年01月22日

问一道题:NO.PZ2019012201000068 [ CFA III ]

问题如下图:

选项:

A.

B.

C.

解释:

对于D哦Good懂了,那么对于Fleeker存在利益冲突吗?

2 个答案

小叶子11 · 2021年01月28日

D可以不投资F的,反正亏的是F自己的钱,撤资就撤资呗

maggie_品职助教 · 2021年01月29日

F对于D的投资是“significant investment”,撤资对于D的影响很大。另外,D之所以选择投资F是因为它“rated high in ESG”,符合基金的投资政策。这道题的核心是让大家理解在这种情况下两个企业是存在利益冲突的。我们不需要纠结D可不可以投资F,因为这是题目的给定的条件哈。

maggie_品职助教 · 2020年01月23日

答案的解析说的比较晦涩,我来给你解释一下:NOTE2 说的是D基金投资F公司,同时F公司的养老金又投资了D基金,相当于你中有我我中有你即D基金管的钱有一部分是F公司养老金给我的,但是D基金投资回了F公司(因为F公司符合基金关于ESG的要求),因此双反存在潜在的利益冲突。打个比方F公司如果业绩下滑,那么它就会要求D基金增持F公司的股票以起到托市的效果,但是F公司股价下跌,D基金不应再投或是应该把它剔除,但是F是D 投资方如果D不投就会撤资。所以他们的利益冲突是相互影响的。

xiaonan_Cc · 2020年02月29日

请问对于Fleeker,有利益冲突吗?

maggie_品职助教 · 2020年03月01日

有啊,利益冲突是相互影响的,说明他们的利益不一致才会有冲突(F公司的希望D在股票下跌时投资这是F的利益,D此时不应该再投这是D的利益,所以冲突了),这个冲突是对双方同时出现的,不可能一方有冲突,一方没冲突。

小叶子11 · 2021年01月28日

D可以不投钱的,因为反正亏的是F自己的钱。

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