"Portfolio Management":Performance measurement
学习是一个不断积累的过程，每天学习一点，每天进步一点！为了帮助大家更高效地备考2021年CFA考试，正保会计网校每日为大家上新CFA习题供大家练习。让网校与您一起高效备考2021年CFA考试，梦想成真！
Questions 1:
The strategic asset allocation and portfolio rebalancing policy are most likely addressed in which section of an investment policy statement?
A、 Appendices
B 、Investment objectives
C、 Procedures
Questions 2:
Which of the following is least likely a part of the execution step of the portfolio management process?
A、 Security analysis
B、 Portfolio construction
C、 Performance measurement
A is correct. Information related to strategic asset allocation and portfolio rebalancing policy would be placed in the appendices of an investment policy statement.
B is incorrect because this section contains information on the client’s objectives when investing.
C is incorrect because this section contains information on the steps to take to keep the investment policy statement current and the procedures to follow to respond to various contingencies.
C is correct. Performance measurement is a part of the feedback step of the portfolio management process. The execution step includes asset allocation, security analysis, and portfolio construction.
A is incorrect. Security analysis is a part of the execution step of the portfolio management process.
B is incorrect. Portfolio construction is a part of the execution step of the portfolio management process.
成功=时间+方法，自制力是这个等式的保障。世上无天才，高手都是来自刻苦的练习。而人们经常只看到“牛人”闪耀的成绩，其成绩背后无比寂寞的勤奋。小编相信，每天都在勤奋练习，即使是一点点的进步，大家一定可以成为人人称赞的“牛人”。
