2018 AM Q10 Part B

The question provides some commentary on trades a person is planning to execute, and asks if they should select VWAP, Implementation Shortfall, or Opportunistic.

For the HRET stock, it exhibits both low trade urgency and represents a large % of faily volume. The answer by CFAI is Opportunistic.

Are VWAP and IS not appropriate mainly because they both are used when order size is small % of market volume?

Correct

Thanks!