开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)|3.2.5(安卓)APP下载

徐威廉 · 2022年06月09日

2个问题

NO.PZ2022010501000010

问题如下:

A charitable foundation transfers securities in kind to Taurus Asset Management Ltd. to fund a new bank loan portfolio. Taurus estimates that after liquidating the transferred securities, it will take five months to invest the foundation’s assets in bank loans. Which statement best describes a requirement of the GIPS standards? Taurus must include the foundation’s portfolio in the appropriate composite:

选项:

A.

on a timely and consistent basis.

B.

when the assets are substantially invested.

C.

as of the beginning of the next full measurement period.

解释:

A is correct.

The GIPS standards state, “Composites must include new portfolios on a timely and consistent basis after each portfolio comes under management.” In this case, it is expected to take an extended period to invest the new client’s assets in accordance with the composite strategy. Assuming Taurus complies with the GIPS standards, its documented policy would provide for the inclusion of new bank loan portfolios in the composite on a timely basis. For example, Taurus’s policy may require new portfolios to be included in the composite as of the first full measurement period that the assets are fully invested. Taurus must apply its policy consistently.

GIPS 标准规定,“在管理每个组合后,Composites 必须及时且一致地包括新组合。”在这种情况下,根据composite策略,预计需要较长时间来投资新客户的资产。假设 Taurus 符合 GIPS 标准,其书面政策将规定及时将新的银行贷款组合纳入Composites 。例如,Taurus 的政策可能要求从资产被完全投资的第一个完整计量期开始,将新的投资组合包括在Composite中。

问题1. C错哪了?

问题2.For example, Taurus’s policy may require new portfolios to be included in the composite as of the first full measurement period that the assets are fully invested. Taurus must apply its policy consistently.这句话的意思是不是 Taurus的portfolio被加入到composite是要在全部投资完成的第一个完整计量周期中,关于这个全部投资(fully invest)怎么理解? 分批投资时,当地一笔投资投出时不用加入composite?

3 个答案
已采纳答案

伯恩_品职助教 · 2022年06月09日

嗨,努力学习的PZer你好:


问题2.For example, Taurus’s policy may require new portfolios to be included in the composite as of the first full measurement period that the assets are fully invested. Taurus must apply its policy consistently.这句话的意思是不是 Taurus的portfolio被加入到composite是要在全部投资完成的第一个完整计量周期中,关于这个全部投资(fully invest)怎么理解? 分批投资时,当地一笔投资投出时不用加入composite?——对的

----------------------------------------------
虽然现在很辛苦,但努力过的感觉真的很好,加油!

徐威廉 · 2022年06月10日

如果一个交易分批投资,到最后fully invested的时候才加入composite有违两个GIPS原则,1.timely原则;2.accrual权责发生制原则

伯恩_品职助教 · 2022年06月10日

嗨,努力学习的PZer你好:


如果一个交易分批投资,到最后fully invested的时候才加入composite有违两个GIPS原则,1.timely原则;2.accrual权责发生制原则——那个是计算portfolio的时候要全部的收益都要计入啊。这里是计算这个composite的收益,如果建仓只有10%的股票,剩下的是现金很影响收益,不能真实的反映出其投资水平啊。

----------------------------------------------
努力的时光都是限量版,加油!

伯恩_品职助教 · 2022年06月09日

嗨,从没放弃的小努力你好:


这个是说明的一个具体情况,先总结一下,如果没有A就选C,但是有A首先选A。这是一个总原则。

然后这个题牵强的解释(答案给解析是这样的|),是没说明在 the assets are fully invested. 的as of the beginning of the next full measurement period.

----------------------------------------------
加油吧,让我们一起遇见更好的自己!

  • 3

    回答
  • 2

    关注
  • 1090

    浏览
相关问题

NO.PZ2022010501000010 问题如下 A charitable fountion transfers securities in kinto Taurus Asset Management Lt to funa new bank loportfolio. Taurus estimates thafter liquiting the transferresecurities, it will take five months to invest the fountion’s assets in bank loans. Whistatement best scribes a requirement of the GIPS stanr? Taurus must inclu the fountion’s portfolio in the appropriate composite: A.on a timely anconsistent basis. B.when the assets are substantially investe C.of the beginning of the next full measurement perio A is correct. The GIPS stanr state, “Composites must inclu new portfolios on a timely anconsistent basis after eaportfolio comes unr management.” In this case, it is expecteto take extenperioto invest the new client’s assets in accornwith the composite strategy. Assuming Taurus complies with the GIPS stanr, its cumentepoliwoulprovi for the inclusion of new bank loportfolios in the composite on a timely basis. For example, Taurus’s polimrequire new portfolios to incluin the composite of the first full measurement perioththe assets are fully investe Taurus must apply its policonsistently. GIPS 标准规定,“在管理每个组合后,Composites 必须及时且一致地包括新组合。”在这种情况下,根据composite策略,预计需要较长时间来投资新客户的资产。假设 Taurus 符合 GIPS 标准,其书面政策将规定及时将新的银行贷款组合纳入Composites 。例如,Taurus 的政策可能要求从资产被完全投资的第一个完整计量期开始,将新的投资组合包括在Composite中。 请问在composite中加入新的portfolio和另一个知识点 - composite中有significant cash flow怎么区分?新的portfolio就必须在下一个perio加入composite么?不管有没有fully investcomposite中有significant cash flow,就要等significant cash flow fully invest再加到composite中?

2024-10-15 07:25 3 · 回答

NO.PZ2022010501000010 问题如下 A charitable fountion transfers securities in kinto Taurus Asset Management Lt to funa new bank loportfolio. Taurus estimates thafter liquiting the transferresecurities, it will take five months to invest the fountion’s assets in bank loans. Whistatement best scribes a requirement of the GIPS stanr? Taurus must inclu the fountion’s portfolio in the appropriate composite: A.on a timely anconsistent basis. B.when the assets are substantially investe C.of the beginning of the next full measurement perio A is correct. The GIPS stanr state, “Composites must inclu new portfolios on a timely anconsistent basis after eaportfolio comes unr management.” In this case, it is expecteto take extenperioto invest the new client’s assets in accornwith the composite strategy. Assuming Taurus complies with the GIPS stanr, its cumentepoliwoulprovi for the inclusion of new bank loportfolios in the composite on a timely basis. For example, Taurus’s polimrequire new portfolios to incluin the composite of the first full measurement perioththe assets are fully investe Taurus must apply its policonsistently. GIPS 标准规定,“在管理每个组合后,Composites 必须及时且一致地包括新组合。”在这种情况下,根据composite策略,预计需要较长时间来投资新客户的资产。假设 Taurus 符合 GIPS 标准,其书面政策将规定及时将新的银行贷款组合纳入Composites 。例如,Taurus 的政策可能要求从资产被完全投资的第一个完整计量期开始,将新的投资组合包括在Composite中。 请问C错哪了,应该如何理解full measurement perio

2024-07-18 09:30 1 · 回答

NO.PZ2022010501000010问题如下 A charitable fountion transfers securities in kinto Taurus Asset Management Lt to funa new bank loportfolio. Taurus estimates thafter liquiting the transferresecurities, it will take five months to invest the fountion’s assets in bank loans. Whistatement best scribes a requirement of the GIPS stanr? Taurus must inclu the fountion’s portfolio in the appropriate composite: A.on a timely anconsistent basis.B.when the assets are substantially investeC.of the beginning of the next full measurement perio A is correct. The GIPS stanr state, “Composites must inclu new portfolios on a timely anconsistent basis after eaportfolio comes unr management.” In this case, it is expecteto take extenperioto invest the new client’s assets in accornwith the composite strategy. Assuming Taurus complies with the GIPS stanr, its cumentepoliwoulprovi for the inclusion of new bank loportfolios in the composite on a timely basis. For example, Taurus’s polimrequire new portfolios to incluin the composite of the first full measurement perioththe assets are fully investe Taurus must apply its policonsistently. GIPS 标准规定,“在管理每个组合后,Composites 必须及时且一致地包括新组合。”在这种情况下,根据composite策略,预计需要较长时间来投资新客户的资产。假设 Taurus 符合 GIPS 标准,其书面政策将规定及时将新的银行贷款组合纳入Composites 。例如,Taurus 的政策可能要求从资产被完全投资的第一个完整计量期开始,将新的投资组合包括在Composite中。 如果3月10日被完全投资,只有4月1日才能被放入到composite中吗,还是要经过4月整月,5月1日才能被放入?另外请老师具体下完整计量期是怎么计算的

2024-06-07 11:04 2 · 回答

NO.PZ2022010501000010 问题如下 A charitable fountion transfers securities in kinto Taurus Asset Management Lt to funa new bank loportfolio. Taurus estimates thafter liquiting the transferresecurities, it will take five months to invest the fountion’s assets in bank loans. Whistatement best scribes a requirement of the GIPS stanr? Taurus must inclu the fountion’s portfolio in the appropriate composite: A.on a timely anconsistent basis. B.when the assets are substantially investe C.of the beginning of the next full measurement perio A is correct. The GIPS stanr state, “Composites must inclu new portfolios on a timely anconsistent basis after eaportfolio comes unr management.” In this case, it is expecteto take extenperioto invest the new client’s assets in accornwith the composite strategy. Assuming Taurus complies with the GIPS stanr, its cumentepoliwoulprovi for the inclusion of new bank loportfolios in the composite on a timely basis. For example, Taurus’s polimrequire new portfolios to incluin the composite of the first full measurement perioththe assets are fully investe Taurus must apply its policonsistently. GIPS 标准规定,“在管理每个组合后,Composites 必须及时且一致地包括新组合。”在这种情况下,根据composite策略,预计需要较长时间来投资新客户的资产。假设 Taurus 符合 GIPS 标准,其书面政策将规定及时将新的银行贷款组合纳入Composites 。例如,Taurus 的政策可能要求从资产被完全投资的第一个完整计量期开始,将新的投资组合包括在Composite中。 For example, Taurus’s polimrequire new portfolios to incluin the composite of the first full measurement perioththe assets are fully investe Taurus must apply its policonsistently.这里也说到了fully investe把portfolio加到composite 当中,B为什么不可以呢?

2023-08-10 14:34 1 · 回答

NO.PZ2022010501000010 问题如下 A charitable fountion transfers securities in kinto Taurus Asset Management Lt to funa new bank loportfolio. Taurus estimates thafter liquiting the transferresecurities, it will take five months to invest the fountion’s assets in bank loans. Whistatement best scribes a requirement of the GIPS stanr? Taurus must inclu the fountion’s portfolio in the appropriate composite: A.on a timely anconsistent basis. B.when the assets are substantially investe C.of the beginning of the next full measurement perio A is correct. The GIPS stanr state, “Composites must inclu new portfolios on a timely anconsistent basis after eaportfolio comes unr management.” In this case, it is expecteto take extenperioto invest the new client’s assets in accornwith the composite strategy. Assuming Taurus complies with the GIPS stanr, its cumentepoliwoulprovi for the inclusion of new bank loportfolios in the composite on a timely basis. For example, Taurus’s polimrequire new portfolios to incluin the composite of the first full measurement perioththe assets are fully investe Taurus must apply its policonsistently. GIPS 标准规定,“在管理每个组合后,Composites 必须及时且一致地包括新组合。”在这种情况下,根据composite策略,预计需要较长时间来投资新客户的资产。假设 Taurus 符合 GIPS 标准,其书面政策将规定及时将新的银行贷款组合纳入Composites 。例如,Taurus 的政策可能要求从资产被完全投资的第一个完整计量期开始,将新的投资组合包括在Composite中。 能中文下这个题目的题干么,没看懂,什么BANK LOAN~~

2023-07-03 20:46 1 · 回答