2020年CFA考试《CFA三级》考试共题，分为。小编为您整理Equity Portfolio Management (2)5道练习题，附答案解析，供您备考练习。

1、【单选题】

A.Furlings

B.Asgard

C.Tokra

正确答案:A

答案解析:A is correct. Furlings combines a top-down and bottom-up approach, but in both cases, the 

2、If the investment policy committee decides to accept Gatchell's recommendation to also use passive investing, the index structure that least likely meets Gatchell's requirement is:【单选题】

A.a price-weighted index.

B.an equal-weighted index.

C.a value-weighted index.

正确答案:B

答案解析:An equal-weighted index is biased toward small-capitalization stocks.

3、Which fee structure is most appropriate for Sonera, based on the criteria in the investment policy statement?【单选题】

A.An ad valorem fee structure

B.A performance-based fee structure with a high-water mark

C.A performance-based fee structure with a fee cap

正确答案:A

答案解析:Ad valorem fee structures are both simple and predictable. The ad valorem fee structure is calculated by multiplying the value of the assets by a percentage.

4、【单选题】

A.0.0056.

B.0.0088.

正确答案:A

答案解析:

5、【单选题】

A.Fund 1

B.Fund 2

C.Fund 3

正确答案:C

答案解析:C is correct. Bottom-up managers evaluate the risk and return characteristics of individual