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NEW QUESTION: 1
Maxime Rivela, CFA, is interviewing for a portfolio manager position with a medium-sized investment firm.
At the interview, the hiring manager provides the following list of actions taken by the former portfolio manager. The hiring manager asks Rivela to identify which action most likely was the reason that the previous portfolio manager was asked to resign. The former portfolio manager likely:
A. focused on timing and security selection when constructing a client investment strategy.
B. managed a 40 year old attorney's portfolio with a strategy of a long time horizon and moderate risk.
C. used the following four-step portfolio management process - write a policy statement, develop the investment strategy, implement the plan, and monitor and update (rebalance) as needed.
D. set the objectives for a well-funded, local private college's endowment fund as total return focused primarily in long-term, taxable investments.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Even though these two investment decisions (timing and individual security selection) add value to the portfolio, the real foundation of returns comes from the original asset allocation policy decisions (determining allowable asset classes and weighting these classes). Empirical studies have shown that 85 percent to 95 percent of a portfolio's total return comes from the asset allocation policy decision.
The other choices describe appropriate actions. The 40 year old attorney is most likely in the consolidation phase of the investing life cycle, and a long time horizon and moderate risk strategy are appropriate. The steps in the four-step portfolio management process are correct and are listed in the correct order. The objective and investments for the endowment fund appear appropriate given the information in the question. Since endowments are tax-exempt, it would not necessarily benefit from tax-exempt securities.

NEW QUESTION: 2
The enterprise network is as shown in the figure. On the USG_A and USG_B, hot standby is configured, and USG_A is the master device. The administrator wants to configure SSL VPN on the firewall so that branch employees can access the headquarters through SSL VPN. Which virtual gateway address should the SSL VPN be?
A. 10.100.10.2/24
B. 202.38.10.1/24
C. 202.38.10.3/24
D. 202.38.10.2/24
Answer: B

NEW QUESTION: 3
CORRECT TEXT
You receive a prescription for sertraline (Zoloft.) qd x 30 days. What is sertraline?
Answer:
Explanation:
Antidepressent

NEW QUESTION: 4
展示を参照してください。

エンジニアはNAT変換を構成し、構成が正しいことを確認しました。
ソースIPはどのIPアドレスですか？
A. 172.23.103.10
B. 10.4.4.5
C. 10.4.4.4
D. 172.23.104.4
Answer: D