- CFA Exams
- CFA Level I Exam
- Topic 9. Portfolio Management
- Learning Module 3. Portfolio Management: An Overview
- Subject 3. Types of Investors
CFA Practice Question
For defined benefit pension plans, the risk tolerance is typically ______ and the liquidity needs are typically ______.
B. high; low
C. high; high
A. low; low
B. high; low
C. high; high
Correct Answer: B
They are considered to be longer-term investors.
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