- CFA Exams
- CFA Level I Exam
- Topic 9. Portfolio Management
- Learning Module 4. Basics of Portfolio Planning and Construction
- Subject 1. The Investment Policy Statement and its Major Components
CFA Practice Question
The most important component of an IPS is the ______.
B. investment objectives and constraints
C. appendices
A. statement of purpose
B. investment objectives and constraints
C. appendices
Correct Answer: B
An IPS focusing on these investment objectives and constraints has been called an IPS in an "objectives and constraints" format.
User Contributed Comments 0
You need to log in first to add your comment.