- CFA Exams
- CFA Level I Exam
- Topic 9. Portfolio Management
- Learning Module 4. Basics of Portfolio Planning and Construction
- Subject 2. Investment Risk and Return Objectives, and Risk Tolerance
CFA Practice Question
A total return objective is best described as ______.
B. bias toward income versus capital gains
C. concern with preservation of capital
A. similar to capital appreciation with reinvestment of current income
B. bias toward income versus capital gains
C. concern with preservation of capital
Correct Answer: A
Total return includes both capital gains and income (dividend or interest) generated from a portfolio.
User Contributed Comments 1
| User | Comment |
|---|---|
| accounting | total return must be the hlolding period return |