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

youtkr · 2023年08月10日

The broker notes that there is a $500,000 minimum investment

  1. CFA III
  2. Asset Allocation

* 问题详情，请 查看题干

NO.PZ201805280100000302

问题如下：

A broker proposes to Young three portfolios, shown in Exhibit 1. The broker also provides Young with asset class estimated returns and portfolio standard deviations in Exhibit 2 and Exhibit 3, respectively. The broker notes that there is a $500,000 minimum investment requirement for alternative assets. Finally, because the funds in the money market account are readily investible, the broker suggests using that account only for this initial investment round.


Young wants to earn at least 6.0% after tax per year, without taking on additional incremental risk. Young’s capital gains and overall tax rate is 25%.

Determine which proposed portfolio most closely meets Young’s desired objectives. (Circle one.) Justify your response.


选项：

解释：



如题，AA 要500000，portfolio 3 private equity 只有0%，不是应该不满足吗？


添加评论
1 个答案

lynn_品职助教 · 2023年08月11日

嗨，从没放弃的小努力你好：


如题，AA 要500000，portfolio 3 private equity 只有0%，不是应该不满足吗？


这句话其实很绕


The broker notes that there is a $500,000 minimum investment requirement for alternative assets.


这句的意思是broker指出，另类资产最低投资要求是50万起。说明另类不投就不投，要投就是50万起。就像我们买私募基金，最起码要100万起步。


如果是客户要求，最低配置50万以上的另类，它会站在客户的角度来讲，比方说Young要求要投资50万以上的另类产品。这整一段都不是站在客户的角度来介绍，而是站在broker的角度介绍产品和建议。

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

  • 1

    回答

  • 0

    关注

  • 259

    浏览
相关问题

NO.PZ201805280100000302 问题如下 A broker proposes to Young three portfolios, shown in Exhibit 1. The broker also provis Young with asset class estimatereturns anportfolio stanrviations in Exhibit 2 anExhibit 3, respectively. The broker notes ththere is a $500,000 minimum investment requirement for alternative assets. Finally, because the fun in the money market account are realy investible, the broker suggests using thaccount only for this initiinvestment rounYoung wants to earn least 6.0% after tper year, without taking on aitionincrementrisk. Young’s capitgains anoverall trate is 25%.termine whiproposeportfolio mostclosely meets Young’s sireobjectives. (Circle one.) Justify your response. 老师好，请问下portfolio 1中，标准差28.2%，用置信区间算的话return的下限比portfolio 3的大很多，为什么不选portfolio 1呢？

2023-12-21 19:56 1 · 回答

NO.PZ201805280100000302 问题如下 A broker proposes to Young three portfolios, shown in Exhibit 1. The broker also provis Young with asset class estimatereturns anportfolio stanrviations in Exhibit 2 anExhibit 3, respectively. The broker notes ththere is a $500,000 minimum investment requirement for alternative assets. Finally, because the fun in the money market account are realy investible, the broker suggests using thaccount only for this initiinvestment rounYoung wants to earn least 6.0% after tper year, without taking on aitionincrementrisk. Young’s capitgains anoverall trate is 25%.termine whiproposeportfolio mostclosely meets Young’s sireobjectives. (Circle one.) Justify your response. 如何确定totportfolio size 5.5 million的？

2023-12-19 14:34 1 · 回答

NO.PZ201805280100000302问题如下 A broker proposes to Young three portfolios, shown in Exhibit 1. The broker also provis Young with asset class estimatereturns anportfolio stanrviations in Exhibit 2 anExhibit 3, respectively. The broker notes ththere is a $500,000 minimum investment requirement for alternative assets. Finally, because the fun in the money market account are realy investible, the broker suggests using thaccount only for this initiinvestment rounYoung wants to earn least 6.0% after tper year, without taking on aitionincrementrisk. Young’s capitgains anoverall trate is 25%.termine whiproposeportfolio mostclosely meets Young’s sireobjectives. (Circle one.) Justify your response. 如题，对incrementrisk还是不大理解，可以用safety first ratio 来判断吗？ 对应选择是是portfolio 1，谢谢老师！

2023-10-20 12:05 1 · 回答

NO.PZ201805280100000302问题如下 A broker proposes to Young three portfolios, shown in Exhibit 1. The broker also provis Young with asset class estimatereturns anportfolio stanrviations in Exhibit 2 anExhibit 3, respectively. The broker notes ththere is a $500,000 minimum investment requirement for alternative assets. Finally, because the fun in the money market account are realy investible, the broker suggests using thaccount only for this initiinvestment rounYoung wants to earn least 6.0% after tper year, without taking on aitionincrementrisk. Young’s capitgains anoverall trate is 25%.termine whiproposeportfolio mostclosely meets Young’s sireobjectives. (Circle one.) Justify your response. 计算中体现出 municipbon的 return 是免税的，是默认的吗？题干中有提到吗？

2023-08-03 23:23 1 · 回答