在備考CFA考試中是要做大量的考試題，但是CFA考試題只有官方教材上的是不夠的，那在CFA道德上尤其要注意，今天小編給你帶來(lái)的也是道德的考試題！

Colin Caldwell. CFA, is the chief investment officer of Northwest Mutual Fund, whose investment objective is to invest in fixed-income emerging market securities. Caldwell allocates the fund's assets primarily to bonds of commodity producers in emerging markets and invests in a combination of several different investments to ensure an acceptable level of risk. The allocation is clearly disclosed in all fund communications. High volatility in the commodities markets at the start of the year makes Caldwell pessimistic about returns, so he shifts the fund into emerging market and US government securities, positions he maintains at the end of the year. This change is noted in the next annual report to fund shareholders. Caldwell's investment change least likely violated the CFA Institute Standards of Professional Conduct concerning:

A. communication with clients.

B. investments outside his mandate.

C. diversification.


【答案】C

［解析］invests in a combination of several different investments to ensure an acceptable level of risk可以看出主人公通過(guò)投資在不同產(chǎn)品從而獲得分散化投資效果。

he shifts the fund into emerging market and US government securities客戶沒有按照 mandate 去投資, 偏離了，也就是違背了 Standard III(C)-Suitability.

This change is noted in the next...,在年末才和客戶溝通資產(chǎn)分配策珞的改變，沒有及全面的和客戶 溝通，違背了 Standard V(B)-Communication with Clients and Prospective Clients.

今天的分享就到這里，如果對(duì)2021年和2022年CFA備考、報(bào)名、課程需求、資料等還有需要或不清楚的問(wèn)題的可以咨詢。