CFA一級(jí)考試題型是怎么樣的，F(xiàn)und of Funds的考點(diǎn)考的多不多呢？有沒(méi)有相應(yīng)的考試題做呢？接下來(lái)說(shuō)說(shuō)CFA一級(jí)考試題型是怎么樣？

CFA一級(jí)考試共有240道選擇題，每卷120題，每題有A,B,C三個(gè)選擇，分值相等。

知道了相應(yīng)的CFA一級(jí)考試題型，那下面的兩道考題是不是Fund of Funds考點(diǎn)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(diǎn)。

【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(duì)FOF優(yōu)缺點(diǎn)的掌握。

Fund of Funds【定義】簡(jiǎn)稱(chēng)FOF，指的是投資于hedge fund的fund。CFA一級(jí)考試中它有優(yōu)點(diǎn)也有缺點(diǎn)，也是常考的知識(shí)，上面老師出的考試題就是它的優(yōu)缺點(diǎn)，那它的優(yōu)缺點(diǎn)是什么呢？

它的優(yōu)點(diǎn)是投資起點(diǎn)低，小投資者可以購(gòu)買(mǎi)；贖回限制少；diversification effect分散化投資，降低風(fēng)險(xiǎn)；它的缺點(diǎn)就是additional layers of fee多層收費(fèi)。