对应的题干是这样的
Miller tells Browne, “Chattahoochee provides its services to relatively small institutional investors, typically those with assets of USD20 million–USD100 million. Your primary goal is to attract new clients in our three primary target areas: insurance companies, defined benefit pension funds, and endowments and foundations.”
然后问题和答案
Q. Which characteristic would least likely affect Browne’s ability to attract new clients from his universe of target institutional investors?
- Scale
- Investment horizon
- Regulatory requirements
Solution
A is correct. Small institutional investors, such as those in Browne’s USD20 million–USD100 million universe, typically outsource investment management operations. They lack sufficient scale to hire adequate resources for an investment function. Insurance companies have investment horizons that are different from those of endowments and foundations and defined benefit plans. Each of these types of institutional investors face different regulatory requirements.
这题是什么意思呢？
