CFA Practice Question

There are 221 practice questions for this study session.

CFA Practice Question

The ______ of the investor is (are) his or her investment goals, expressed in terms of both risk and return.
A. objectives
B. policy statement
C. constraints
Explanation: A careful analysis of the client's risk tolerance should precede any discussion of return objectives.

User Contributed Comments 3

User Comment
gpeterkin Surely the policy statement outlines the objectives and goals?!
malawyer yes, but objectives are just a level deeper in regard to the question (otherwise, everything is stated in the IPS and it would be no challenge)
janis36 Surely you can't be serious!
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