Which of the following is least important as a reason for a written investment policy statement (IPS)?

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Which of the following is least important as a reason for a written investment policy statement (IPS)?

A. The IPS may be required by regulation.

B. Having a written IPS is part of best practice for a portfolio manager.

C. Having a written IPS ensures the client’s risk and return objectives can be achieved.

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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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