NO.PZ2016032802000046
问题如下:
Which one of the followings is most likely correct about the composite construction?
选项:
A.
Composites can include the assets managed by the firm which is not actual.
B.
Composites can link performance of model portfolios with the actual performance.
C.
All actual, fee-paying, discretionary portfolios must be included in at least one composite.
解释:
C is correct.
According to Composite Construction, composites must include only actual assets managed by the firm. And composites mustn't link performance of simulated or model portfolios with the actual performance.
discretionary里面的non-fee-paying是may包含在composite里的,但选项C最后一句说discretionary portfolios must be included,不是把non-fee-paying也包含在must be included了吗