Hi guys
A. “require Columns 3 and 7 and recommend Column 6.”
B. “require Columns 2 and 5 and recommend Column 1.”
C. “require Column 6 and recommend Columns 4 and 7.”
Column 1 = firm’s presentation.
Column 2 = composite inception date + complete list of information available on demand…
Column 3 = composite includes all fee paying account…
Column 4 = “first Q1 data are not annualized”
Column 5 = “Valuations are computed and performance are reported in US$”
Column 6 = Internal measure of dispersion
Column 7 = Gross of fees description + fee schedule
CFA answer:B
My issues (non exhaustive list):
-
So firm description is a recommendation??? I though it was required…
-
So fee schedule is not required??
Thanks by advance