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)All of the options are correct.

Question

Quizplus · Accepted Answer

The execution phase of the CFA Institute's investment management process involves implementing the optimal asset allocation and security selection decisions based on the analysis conducted in earlier phases. Therefore, option B uses details of optimal asset allocation and security selection, making it the correct choice. Option A refers to the input phase, where data is collected about the client and capital market. Option C refers to the review and revise phase, where changes in expectations and objectives are taken into account. Option D is a general statement that includes all the phases of the investment management process, but only option B accurately describes the execution phase.

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