CMSA (PORTFOLIO MANAGEMENT FUNDAMENTALS) EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED, GRADED A++
0 view 0 purchase
Course
CMSA
Institution
CMSA
CMSA (PORTFOLIO MANAGEMENT FUNDAMENTALS) EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED, GRADED A++
Give some characteristics of Active Investing
1. Takes on more risk for a higher return
2. Actively making investment decisions
3. Typically, higher management fees
Give some char...
1. Making investment decisions to replicate a benchmark or index
2. Aiming to match exactly, neither outperforming, nor underperforming
Give some examples of traditional Portfolio Manager Funds
1. Mutual Funds
2. Pension Funds
3. Insurance Company
4. ETF (Exchange Traded Funds)
, *All of which can be both either passive or active
Give some examples of Non-Traditional Portfolio Manager Funds
1. Hedge Funds
2. Venture Capital
3. Distressed Funds
*All of which are passively managed
Define Top-Down approach
An investment strategy that begins with macroeconomic analysis, moves to sector evaluation, and finally
selects individual securities
Define Bottom-Up approach
An investment strategy that begins with analyzing individual companies and their fundamentals before
considering the broader industry or macroeconomic environment
How do traditional funds differ from non-traditional funds?
1. The Stakeholders
Pensions-> Employees
Mutual Funds-> Investors
Insurance Company-> Policy Owners
Endowments-> Charitable recipients
Family Office-> Founding Family
2. Risk Tolerance
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller NurseAdvocate. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
