NO.PZ2023091901000095
问题如下:
O 'Neill, FRM, manages a mid-cap fund that invests in a range of 50
to 60 stocks. O 'neill declares in the product publicity material that: "Through
our active management approach, we chose securities that were similar to the
S&P 500," As a result, the fund is designed to track the performance
of the S&P 500, would earn a 3 to 6 per cent return. The above statement:
选项:
A.
Permissible since the statement is supported by modern
portfolio theory
B.
Not permissible since O 'Neill is misrepresenting the
services that portfolio are capable of performing
C.
Not permissible since O 'Neill is misrepresenting the
investment performance that can achieve
D.
Permissible since the statement is accurate
解释:
It does not make sense that a portfolio of 50 to 60
mid-cap stocks would track the entire S&P 500. Actually there is a
significant difference between the performance of the portfolio and the S&P
500. There's no guarantee of a 3 to 6 percent return. The statement violates
standard 1.4: “GARP Members shall not knowingly misrepresent details relating
to analysis, recommendations, actions, or other professional activities,”
because she has given implicit assurance as to the expected performance of the
Fund.
这道题是什么意思,用几十个股票来track沪深300,没看出啥问题啊