SECTION 6.1.1. LO.E.

9. - 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
9. A is correct. The liquidity objective is suitable for Danny as he has sufficient income to cover living expenses and saves annually. There are no anticipated liquidity needs arising from any event in the near future. He also seeks to use the portfolio to fund his retirement therefore has no immediate liquidity needs from it. Section 6.2.1. LO.e.

Copyright © IFT. All rights reserved.

Page 9