NO.PZ2022010601000014
问题如下:
Portfolios of securities investment income are likely to be considered non-discretionary if the client's investment policy states:
选项:
A.Losing securities may not be sold.
You cannot buy ST shares.
Securities held in a portfolio must be in a highly regulated market.
解释:
A is correct.
“不能卖出亏损的股票”这种限制很可能严重影响投资经理执行投资策略的能力。,因此,投资经理可以合理地将这种投资组合归类为非全权委托。 答案 B 和 C 中陈述的限制是可能被指定为证券投资策略的一部分的限制。即仅仅限制的是投资范围,而不是决策(投资策略的执行)
A应该是must not be sold, 不是may not be sold吧