QUESTIONS 1, INCLUDING GUIDELINE ANSWER, 1996 (STUDY SESSION 9) A) PRE...

5. Questions 1, including Guideline Answer, 1996 CFA Level III Examination (AIMR) Purpose: To test the candidate’s ability to recommend an appropriate asset allocation given an investment policy statement and expectational return and risk information. LOS: The candidate should be able to “Individual Investors” (Study Session 9) d) create an asset allocation policy for an individual investor that is based on a multi-asset, total- return approach. Cases in Portfolio Management (Study Session 9) d) recommend and justify an asset allocation that would be appropriate for an individual investor.