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What is the meaning of the Standard I-B of Professionalism “Independence and Objectivity?
Amelia Bulonska is a highly respected technology sector analyst with Dadu&Fefe and has been asked by another investment firm to be the key spokesperson for a conference it is organizing. This investment firm has offered to pay her all expenses, plus bringing 3 all-expenses paid companions and a golf outing at Pebble Beach which is
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What are the main elements of an Investment Policy Statement (IPS)?
Portfolio planning can be defined as a program developed in advance of constructing a portfolio that is expected to define the client’s investment objectives. The written document governing this process is the investment policy statement (IPS). The main elements of an IPS can be classified into objectives and constraints. Mark the correct sentence in relation
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What are the key reasons for investing in Real Estate?
Alternative investments, as opposed to traditional investments, have some specific characteristics that make them specially relevant for any investment portfolio. Real estate is a type of alternative investment with a long tradition among investors all over the world. Which of the following sentences better represents the main reasons for investing in Real Estate? a) Diversification
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How can arbitrage opportunities appear when dealing with financial derivatives?
In finance, the market efficiency establishes that market prices should not allow for the possibility of riskless profit or arbitrage in the absence of transaction costs. Which of the following sentences do NOT represent a clear situation of arbitrage with derivatives? a) Two assets with identical future cash flows trade at different prices. b) An
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What is the main difference between committed and uncommitted lines of credit?
Lines of credit are a relevant way of external loan financing for companies. Which of the following sentence better represents the main difference between committed and uncommitted lines of credit? a) Uncommitted lines of credit are more reliable, more flexible, and cheaper than committed lines of credit, and firms can have it as a primary
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What are the different voting processes we can find in equity securities?
A key difference between debt and equity securities is the voting rights that are implicit in equities. Which of the following represents a voting process in which each share represents one vote? a) Proxy voting. b) Statutory voting. c) Cumulative voting. https://vimeo.com/manage/videos/952306523
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What are the main linkages between financial statements?
When financial analysts review the different financial statements reported by companies. It is crucial to understand how these financial statements are linked. Mark the correct sentence in relation to these linkages. a) The income statement, the cash flow statement, and the shareholder’s equity statement can be considered as “flow” statements, while the balance is considered
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What are the main roles of central banks?
According to the CFA Institute, we can determine seven roles accomplished by Central Banks all over the world. Which of this roles is specifically associated to helping to prevent bank runs? a) Monopoly supplier of the currency. b) Banker to the government and other banks. c) Lender of last resort. https://vimeo.com/manage/videos/952328484
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How are expected values and variances calculated in ex-ante scenarios?
Suppose that you have estimated the probability distribution of a hedge fund for next year considering three different scenarios. There is a 40% probability of generating a 30% return (optimistic scenario), a 25% probability of generating a 5% return (flat scenario), and a pessimistic scenario with a negative return of 10%. Calculate with these inputs,
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