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Basic Question 7 of 7
Jacob Miller, CFA runs a mutual fund Enhanced Global Equity whose stated objective is to identify and invest in the equity of undervalued global firms. Miller believes that stock markets around the world are currently too high. He sells the equity holdings of the fund and invests in domestic corporate bonds (which he believes are currently undervalued). Has Miller violated the Standards?
B. No.
C. Yes.
A. Yes, Diligence and Reasonable Basis.
B. No.
C. Yes.
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I used your notes and passed ... highly recommended!
Lauren
Learning Outcome Statements
evaluate practices, policies, and conduct relative to the CFA Institute Code of Ethics and Standards of Professional Conduct;
explain how the practices, policies, and conduct do or do not violate the CFA Institute Code of Ethics and Standards of Professional Conduct.
CFA® 2025 Level II Curriculum, Volume 6, Module 45.