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Lilly · 2023年08月20日

如下

NO.PZ2023021602000007

问题如下:

Charles Mbuwanga, a Level III CFA candidate, is the business development manager for Sokoza Investment Group, an investment management firm with high-net-worth retail clients throughout Africa. Sokoza introduced listed Kenyan REITs (real estate investment trusts) to its line of investment products based on new regulations introduced in Kenya to diversify its product offering to clients. The product introduction comes after months of researching Kenyan property correlations with other property markets and asset classes in Africa. Sokoza assigns Mbuwanga as part of the sales team that will introduce this product to its clients across Africa. Mbuwanga subsequently determines most of Sokoza's clients' portfolios would benefit from having a small Kenyan property exposure to help diversify their investment portfolios. By promoting the Kenyan REITs for Sokoza's client portfolios as planned, Mbuwanga would least likely violate which of the following standards?

选项:

A.Independence and Objectivity B.Suitability C.Knowledge of the Law

解释:

There is no indication Mbuwanga's recommendation is based on any compensation package based on sales targets. If he had a sales target as part of his responsibility to promote the new product, it could be conceived that his independence and objectivity would be in question. Mbuwanga does, however, seem to be in violation of Standard III(C): Suitability because although research with regard to correlation was undertaken, an analysis based on each individual client's return and risk objectives was not done. He may also be in violation of Standard I(A): Knowledge of the Law because he would need to determine whether the Kenyan REIT product is allowable in each of the countries where his clients reside.

不太理解为什么C错,Sokoza introduced listed Kenyan REITs (real estate investment trusts) to its line of investment products based on new regulations introduced in Kenya to diversify its product offering to clients. 这句话不是说是符合law的意思么?

而且A对的理由是因为没有说有bonus,题目里也没说其他地方法律不一样啊。。

1 个答案

王暄_品职助教 · 2023年08月20日

C错误的原因是因为他也有可能违反I(A)这一条

因为他需要确定肯尼亚房地产投资信托产品是否在其客户居住的每个国家都是允许的

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