The execution phase of the CFA Institute's investment management process
A)uses data about the client and capital market
B)uses details of optimal asset allocation and security selection
C)uses changes in expectations and objectives
D)A, B, and C
E)none of the above

Question

Quizplus · Accepted Answer

The execution phase of the CFA Institute's investment management process involves the implementation of the details of optimal asset allocation and security selection determined in the previous phases (planning and implementation). The phase involves buying and selling specific securities to optimize the portfolio's risk/return characteristics according to the stated investment objectives. The other options (A and C) are relevant to the previous phases of the investment process.

The Execution Phase of the CFA Institute's Investment Management Process