更多"An asset manager, a CFA charterhold"的相关试题:
[单项选择]A CFA charterholder owns an asset management firm with offices downtown. To minimize rent expenses, each year the charterholder ships the previous year’s research report to a nearby warehouse. There, the reports are digitized and stored in both electronic and hard-copy forms. After five years, all paper copies are destroyed and only electronic copies are retained. Are the charterholder’s record-retention procedures in compliance with the CFA Institute Standards of Practice（）
A. No.
B. Yes, because he is only required to retain hard copies for five years.
C. Yes, because he still retains electronic copies of the original documents.
[单项选择]Danny Walter, CFA, manages accounts for high net worth clients including his own family’s account. He has no beneficial ownership in his family’s account. Because Walter is concerned about the appearance of improper behavior in managing his family’s account, when his firm purchases a block of securities, Walter allocates to his family’s account only those shares that remain after allocation to his other client accounts. The fee for managing his family’s account is based on his firm’s normal fee structure. According to the Standards of Practice Handbook, Walter’s best course of action with regard to management of his family’s account would be to:（）
A. continue to manage his family’s account but treat it like his other client accounts.
B. discontinue management of his family’s account and arrange for the account to be transferred to another firm.
C. discontinue management of his family’s account and arrange for the account to be transferred to another investment manager in his firm.
[单项选择]Justin Sato, CFA, treasurer for a college, manages the Student Scholarship Trust. Sato issued a Request for Proposals (RFP) for domestic equity managers. Pamela Peters, CFA, a good friend of Sato, introduces him to representatives from Capital Investments, who submitted a proposal. Sato selected Capital as a manager based on the firm’s excellent performance record. Shortly after the selection, Peters, who had outstanding performance as an equity manager with another firm, accepted a lucrative job with Capital. Which of the CFA charterholders violated CFA Institute Standards of Professional Conduct（）
A. Sato violated standards.
B. Peters violated standards.
C. Neither Sato nor Peters violated standards.
[单项选择]Roy, CFA, manages several pension accounts and directs most of his trades through the Wales Investment Limited. Roy does this because he believes that he gets good executions and Wales Investment Limited provides him with excellent research reports used in the management of these accounts. Regional, a small discount brokerage house, has just approached Roy that it will execute his trades at half the cost of Wales. Regional does not have a research department. According to AIMR Standards of Professional Conduct, if Wales does NOT switch his business to Regional, has he violated the loyalty clause in his fiduciary duties（）
A. No, because he already had an established relationship with Wales before Regional’s offer.
B. No, if he can determine, in good faith, that the higher commissions are commensurate with the value of the research services he receives and discloses this practice.
C. Yes, because of the prudent expert clause.
[单项选择]Bill Kimm, CFA owns an asset management firm with offices downtown. To minimize rent expenses, each year Bill ships the previous year’s research records to a nearby warehouse. There, the reports are digitized and stored in both electronic and hard-copy forms. After five years, all paper copies are destroyed and only electronic copies are retained. Are Bill’s record-retention procedures in compliance with the CFA Institute Standards of Practice（ ）
A. Yes.
B. No, because he did not retain the copies in his offices.
C. No, because he failed to retain the original documents.
[单项选择] Amy, a CFA candidate, recently joined A&F Asset Management, and reports directly to Tammy. Shortly after joining the firm, Amy learned that A&F Asset Management does not have a copy of the Code and Standards. Which of the following statements best complies with AIMR Standards of Professional Conduct （ ）
A. Amy must deliver a copy of the Code and Standards to Tammy.
B. Amy must notify Tammy, in writing, of her obligation to comply with the Code and Standards.
C. Statement A and B.
D. None of the above.
[单项选择]Neil Barton, CFA, and Nancy Roberts, CFA, began a joint research report on Stamp Corporation. Nancy spent several days visiting Stamp’s corporate headquarters and meeting with all company officers. Prior to the completion of the report, Nancy was reassigned to another project. Nell utilized his and Nancy’s research to write the report. According to the CFA Institute Standards of practice Handbook, did Nell violate any CFA Institute Standards of Professional Conduct（）
A. No.
B. Yes, with respect to misrepresentation.
C. Yes, with respect to independence and objectivity.
[单项选择]Hedge funds that contain infrequently traded assets would most likely exhibit a downward bias with respect to:（）
A. measured risk but not correlations with conventional equity investments.
B. correlations with conventional equity investments but not measured risk.
C. both measure risk and correlations with conventional equity investments.
[简答题]在工程中如何控制SMA混合料的质量对SMA混合料的马歇尔试验，最主要的控制指标有哪些
[简答题]Because the churchgoing population is now much smaller in the West and because the civic registry office wedding can have an impersonal nature, couples are choosing to use marriage celebrants to conduct their wedding ceremony. They do this instead of being married in church or in the official registry office. The more relaxed nature of the ceremony in front of a civil marriage celebrant means that the wedding vows can be exchanged in any number of venues--in the home on the bride, the groom or their parents, in a park, by the seashore, in a reception centre or restaurant. Some adventurous couples have exchanged their vows on boats, in a helicopter, or on the top of a mountain. As long as the marriage celebrant is there to ensure the correct ritual is followed, and the proper legal witnesses testify to the fact that the vows are exchanged properly, there is no limit to where the wedding ceremony can take place. Some have even taken place under water, with bride and groom, both experien
[单项选择]No country manages its water as well as Singapore. Admittedly, it has high rainfall and it is a tiny country, but that is exactly the trouble. As an island-city-state, it has little land on which to collect enough water for its 4.8m people, and not much room to store it. To supplement its bounty from above, it takes the salt out of sea water and imports supplies from Malaysia. But relations with its big neighbour are often strained; the two treaties under which the water is provided, both about 50 years old, will expire in 2011 and 2061 respectively; and Lee Kuan Yew, the father of the nation, has never forgotten that the invading Japanese blew up the water pipeline when they seized Singapore in 1942.
The first measure taken to escape foreign dependency in the years after independence in 1965 was a general tidy-up. Industry and commerce were shifted into estates and messy pig and duck farms closed down. That made it easier to purify the rainwater that in Singapore is fastidiously
A. there is abundant rainfall in Singapore
B. singapore has advanced technology in refining seawater
C. water can be easily imported from Malaysia
D. geographical trouble forces Singapore to manage it well
[单项选择]Juliet Kaufman manages a large portfolio of risky assets for a family of investors. The portfolio consists primarily of stocks but also includes a small allocation of fixed-income investments. Currently, the expected return and standard deviation of the portfolio are 14.0 percent and 12.0 percent, respectively. Kaufman is considering adding one of four stocks to the portfolio. Data on each stock’s expected return, beta, standard deviation and covariance with the existing portfolio are presented below. Which stock should Kaufman add to the portfolio
[单项选择]An analyst does research about capital asset pricing model and gathers the following information:
| Estimated rate of return for a stock | 12.0% |
| Expected rate of return for the market risk premium | 9.5% |
| Risk-free rate of retum | 3.5% |
If the covariance of the returns on the stock with the returns on the market portfolio is equal to the variance of the returns on the market portfolio, the analyst's most appropriate conclusion is that the stock is:（）
A. overvalued.
B. properly valued.
C. undervalued because the required rate of return for the stock is greater than 9.5%.
[填空题]The Real Walkers Company offers a selection of small group walking holidays which explore some delightful hidden corners of Europe, the Americas and Australasia. There is something for everyone to enjoy on these holidays, reg (1) of age or level of fitness. The brochure includes various destinations and a range of itineraries. These range from sightseeing tours of historical cities to undemanding walking trips in unspoilt coastal and country regions and, for the more adv (2) traveller, challenging mountain or hill-walking expeditions.
But it would be un (3) to give the impression that these holidays are just about walking. According to the brochure, an enjoyment of walking is often the thing that brings together a group of like-minded people, who share the pleasure of good companionship in attractive surroundings.
The company believes that tour leaders are the k (4) to its success. These people are fully trained and
