1. Suppose your father has spare cash of HK$3 million (he also owns a free-of-mortgage property) and he asks you, as a studentstudying wealth management, to give him some recommendations about asset allocation. What are your recommendations to him (you may make all necessary assumptions) ?Justify your asset allocation decision. Having proposed an asset allocation strategy, explain under what circumstances will you suggest changes to the asset allocation you proposed.

2.2.Further to Question 1, assume your father will give you HK$1 mil to make whatever investments you like because he wants to know how much you learntabout wealth management. He proposes a 2-year time frame and then review your investment performance to see whether he will give this HK$1 mil (together with the profit) to you permanently.Taking into account all the wealth management concepts you learnt so far, what are you going to do with this HK$1 milfund ?