THE ASSET ONLY APPROACH CAN RESULT IN INEFFICIENT INVESTMENT POLICI...

2. - L3 MOCK SAMPLE EXAM CFA LEVEL III GUIDELINE ANSWERS 2008
L3 MOCK SAMPLE EXAM CFA LEVEL III GUIDELINE ANSWERS 2008
2. The Asset Only approach can result in inefficient investment policies that may expose the plan to excessive and unrewarded risk relative to liabilities.