- CFA Exams
- CFA Level I Exam
- Study Session 18. Portfolio Management (1)
- Reading 51. Portfolio Management: An Overview
- Subject 2. Investment Clients
CFA Practice Question
Which institutional investors typically have the longest investment time horizon?
B. Banks
C. Home insurance companies
A. University endowments
B. Banks
C. Home insurance companies
Correct Answer: A
They are established with the intent of having perpetual lives.
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