The first step a pension fund should take before beginning to invest is to
A) establish investment objectives.
B) develop a list of investment managers with superior records to interview.
C) establish asset allocation guidelines.
D) decide between active and passive management.

Question

Quizplus · Accepted Answer

Establishing investment objectives is the foundational step for a pension fund before beginning to invest, as it sets the goals and parameters for the investment strategy.

The First Step a Pension Fund Should Take Before Beginning