2020年CFA考試《CFA三級》考試共題，分為。小編為您整理Equity Portfolio Management (1)5道練習題，附答案解析，供您備考練習。

1、Which of the following notes about the DoGood Fund is correct?【單選題】

A.Only Note 2

B.Only Note 3

C.Both Note 2 and Note 3

正確答案:B

答案解析:B is correct because the fund becomes a free-rider if it allows other shareholders to engage in 

2、Based on the information presented in Exhibit 1, Sarkar should recommend to the Daniels Corporation Pension Fund that the most appropriate manager to meet its investment objective is:【單選題】

A.Manager B.

B.Manager A.

C.Manager C.

正確答案:B

答案解析:Manager A has a low P/E, high dividend yield, and a style fit of 87%, which suggests that he is following an active value strategy.

3、【單選題】

A.a concentration level of 4.29.

B.an effective number of stocks of approximately 35.

C.individual stocks held in approximately equal weights.

正確答案:B

答案解析:B is correct. The HHI measures stock concentration risk in a portfolio, calculated as the sum of the 

4、Do the Magnolia Foundation's current equity investments most likely meet its total equity investment return and risk goals?【單選題】

A.Yes

B.No, the expected alpha is too low

C.No, the expected tracking error is too high

正確答案:A

答案解析:The expected alpha of the portfolio is

5、The Barboa Fund can be best described as a fund segmented by:【單選題】

A.size/style.

B.geography.

C.economic activity.

正確答案:C

答案解析:C is correct. The Barboa Fund invests solely in the equity of companies in the oil production and