SECTION 6.1.1. LO.E.

13. - CFA 2018 LEVEL 2 PORTFORLIO QUESTION BANK R47 THE PORFOLIO MANAGEMENT PROCESS AND THE IPS Q BANK
CFA 2018 LEVEL 2 PORTFORLIO QUESTION BANK R47 THE PORFOLIO MANAGEMENT PROCESS AND THE IPS Q BANK
13. C is correct. Endowment funds exist in perpetuity hence the time horizon should be defined as long-term, even for a newly formed fund. Although it is newly formed, the fund has started with a large gift and anticipates more donations in future. Section 6. LO.e.