SECTION 6.1.1. LO.E.

12. - 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
12. B is correct. The planning step involves: identifying and specifying the investor’s objectives and constraints, creating the investment policy statement, forming capital market expectations, and creating the strategic asset allocation. Section 5.1. LO.b.