"Portfolio Management": Risk Management: An Introduction

下載正保會(huì)計(jì)網(wǎng)校APP 訂閱最新報(bào)考消息

來源: 正保會(huì)計(jì)網(wǎng)校編輯：小鞠橘桔 2020/10/13 09:40:05　字體：大小

選課中心

多樣班次滿足需求

選課中心

資料專區(qū)

干貨資料助力備考

資料專區(qū)

報(bào)考指南

報(bào)考條件一鍵了解

報(bào)考指南

學(xué)習(xí)是一個(gè)不斷積累的過程，每天學(xué)習(xí)一點(diǎn)，每天進(jìn)步一點(diǎn)！為了幫助大家更高效地備考2021年CFA考試，正保會(huì)計(jì)網(wǎng)校每日為大家上新CFA習(xí)題供大家練習(xí)。讓網(wǎng)校與您一起高效備考2021年CFA考試，夢想成真！

Questions 1:

In a good risk management process, the duties of Chief Risk Officer (CRO) least likely include:

A、 setting the risk tolerance of the organization.

B、 participating in the key strategic decisions of the organization.

C、 building the risk framework for the organization.

Questions 2:

For a portfolio consisting of two assets with a correlation coefficient of +1.0, it is most likely that portfolio risk is:

A、 equal to the weighted average of the risk of the two assets in the portfolio.

B、 less than the weighted average of the risk of the two assets in the portfolio.

C、 greater than the weighted average of the risk of the two assets in the portfolio.

View answer resolution

【Answer to question 1】A

【analysis】

A is correct. The CRO will be appointed by the CEO and board to build and manage the risk management system, but the CEO and board remain responsible for determining the risk tolerance of the organization as a whole.

B is incorrect because the CRO will participate in strategic decision making for the organization.

C is incorrect because the CRO will build and manage the risk framework of the organization.

【Answer to question 2】A

【analysis】

A is correct. With a correlation coefficient of +1.0, no diversification benefits are obtained and the portfolio risk is equal to the weighted average of the risk of the two assets in the portfolio.

B is incorrect. Portfolio risk is less than the weighted average of the risk of the two assets in the portfolio only when the correlation coefficient is smaller than one.

C is incorrect. Portfolio risk can never be greater than the weighted average of the risk of the two assets in the portfolio.

成功=時(shí)間+方法，自制力是這個(gè)等式的保障。世上無天才，高手都是來自刻苦的練習(xí)。而人們經(jīng)常只看到“牛人”閃耀的成績，其成績背后無比寂寞的勤奮。小編相信，每天都在勤奮練習(xí)，即使是一點(diǎn)點(diǎn)的進(jìn)步，大家一定可以成為人人稱贊的“牛人”。更多CFA考試資訊，點(diǎn)擊了解>