开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)｜3.2.5(安卓)APP下载

返回

S__ · 2022年04月07日

不是只能包括discretionary的吗？没明白都不能control了为啥还要包括？

  1. CFA III
  2. GIPS

NO.PZ2022010601000005

问题如下：

F manages the securities investment portfolio for company G. The cash held in the investment portfolio is invested by the existing custodian bank of Company G, that is, F does not control this cash investment. Does F have to include cash and cash equivalents in the calculation of portfolio returns?

选项：

A.

Yes

B.

No, the cash is not controlled by F

C.

No, F does not have discretion over the selection of the custodian

解释：

A is correct.

The GIPS standards state, “Returns from cash and cash equivalents must be included in all return calculations, even if the firm does not control the specific cash investment(s).”

没明白都不能control了为啥还要包括？

添加评论
1 个答案

伯恩_品职助教 · 2022年04月07日

嗨，努力学习的PZer你好：


现金不是组合，是组合中的投资一部分，只要组合整体归类是discretionary的，现金就不用管了，毕竟现金对投资的收益影响很小，但是这笔现金没有用来投资，只是放在那，但是会有活期收益，也要给客户的。所以要计算。

----------------------------------------------
加油吧，让我们一起遇见更好的自己！

  • 1

    回答

  • 0

    关注

  • 493

    浏览
相关问题

NO.PZ2022010601000005问题如下 F manages the securities investment portfolio for company G. The cash helin the investment portfolio is investethe existing custobank of Company G, this, F es not control this cash investment. es F have to inclu cash ancash equivalents in the calculation of portfolio returns? A.YesB.No, the cash is not controlleFC.No, F es not have scretion over the selection of the custoan A is correct. The GIPS stanr state, “Returns from cash ancash equivalents must incluin all return calculations, even if the firm es not control the specific cash investment(s).” 现金和现金等价物的回报必须包括在所有回报计算中，即使公司不控制特定的现金投资。 记得讲课里面有一个地方是说如果外部机构不是manager可以决策选择的，或者盈利方式不是manager能决定的，就不能放到composite里，那个知识点是哪里呢？

2024-04-10 12:53 1 · 回答

NO.PZ2022010601000005 问题如下 F manages the securities investment portfolio for company G. The cash helin the investment portfolio is investethe existing custobank of Company G, this, F es not control this cash investment. es F have to inclu cash ancash equivalents in the calculation of portfolio returns? A.Yes B.No, the cash is not controlleF C.No, F es not have scretion over the selection of the custo A is correct. The GIPS stanr state, “Returns from cash ancash equivalents must incluin all return calculations, even if the firm es not control the specific cash investment(s).” 现金和现金等价物的回报必须包括在所有回报计算中，即使公司不控制特定的现金投资。 custo 公司不是由G指定的么，F没权决定在哪托管，不是不应该算进asset里面吗

2024-03-31 17:30 1 · 回答

NO.PZ2022010601000005 问题如下 F manages the securities investment portfolio for company G. The cash helin the investment portfolio is investethe existing custobank of Company G, this, F es not control this cash investment. es F have to inclu cash ancash equivalents in the calculation of portfolio returns? A.Yes B.No, the cash is not controlleF C.No, F es not have scretion over the selection of the custo A is correct. The GIPS stanr state, “Returns from cash ancash equivalents must incluin all return calculations, even if the firm es not control the specific cash investment(s).” 现金和现金等价物的回报必须包括在所有回报计算中，即使公司不控制特定的现金投资。 看了别的问题也无法理解 这不是non-scretionary嘛？

2023-08-27 23:54 2 · 回答