NO.PZ201604030300004102
问题如下:
2. With respect to the commodities positions, which of the following actions best describes Black’s violation of the CFA Institute Standards of Professional Conduct? Black violated CFA Institute Standards by:
选项:
A.buying an asset class in which she has no prior management experience.
B.buying assets that are inconsistent with the portfolio’s Investment Policy Statement.
C.failing to notify the client that she would temporarily deviate from the client’s Investment Policy Statement.
解释:
B is correct.
Under no circumstances should a manager take investment action that is inconsistent with the client’s IPS.
课后题讲解里老师说按照ethics的条款,可以投自己不熟悉的资产,但是AMC第二点里面明确说了不能这么做。这题对A的解释感觉比较牵强,虽然ethics和AMC适用的主体不一样,但是投一个自己之前都没有管理经验的资产怎么样都不像due diligence了吧,考试碰到这种情况怎么判断