Which of the following best describes the underlying rationale for a written investment policy statement (IPS)? A.
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Which of the following best describes the underlying rationale for a written investment policy statement (IPS)?
A. A written IPS communicates a plan for trying to achieve investment success.
B. A written IPS provides investment managers with a ready defense against client lawsuits.
C. A written IPS allows investment managers to instruct clients about the proper use and purpose of investments.
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Related Book For
Investments Principles Of Portfolio And Equity Analysis
ISBN: 9780470915806
1st Edition
Authors: Michael McMillan, Jerald E. Pinto, Wendy L. Pirie, Gerhard Van De Venter, Lawrence E. Kochard
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