CFA一級考試題型是怎么樣的,F(xiàn)und of Funds的考點考的多不多呢?有沒有相應(yīng)的考試題做呢?接下來說說CFA一級考試題型是怎么樣?
CFA一級考試共有240道選擇題,每卷120題,每題有A,B,C三個選擇,分值相等。
知道了相應(yīng)的CFA一級考試題型,那下面的兩道考題是不是Fund of Funds考點考題呢。
【例1】For a hedge fund investor, a benefit of investing in a fund of funds is least likelythe:
A. multilayered fee structure
B. higher level of due diligence expertise
C. ability to negotiate better redemption terms
答案: A解析:考查FOF的優(yōu)缺點。
【例2】Which of the following least likely describes an advantage of investing in hedge funds through a fund of funds? A fund of funds may provide investors with:
A. lower fees due to economies of scale.
B. access to funds that are closed to new investors.
C. access to managers with expertise in finding reliable and good-quality hedge funds.
答案: A解析:考查對FOF優(yōu)缺點的掌握。
Fund of Funds【定義】簡稱FOF,指的是投資于hedge fund的fund。CFA一級考試中它有優(yōu)點也有缺點,也是??嫉闹R,上面老師出的考試題就是它的優(yōu)缺點,那它的優(yōu)缺點是什么呢?
它的優(yōu)點是投資起點低,小投資者可以購買;贖回限制少;diversification effect分散化投資,降低風險;它的缺點就是additional layers of fee多層收費。