Liquidity流动性CFA一级伦理道德考试题分析!

CFA一级伦理道德考试题又来了,CFA中的伦理考试题很重要的,毕竟CFA道德在考试中的占比是高的,小编给你看看这道考试题你会不会呢?

Green Brothers, an emerging market fund manager, has two of its subsidiaries simultaneously buy and sell emerging market stocks. In its marketing literature, Green Brothers cites the overall emerging market volume as evidence of the markets liquidity. As a result of its actions, more investors participate in the emerging markets fund. Green Brothers most likely:

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A   did not violate the Code and Standards.

B   violated the Standard regarding market manipulation.

C   violated the Standard regarding performance presentation.

这道考试题的核心词汇Liquidity:流动性,是指一项资产能迅速地以合理价格买卖的可能性。那这道题的解析是怎样的呢?


B The intent of Green Brothersactions is to manipulate the appearance of market liquidity in order to attract investment to its own funds. The increased trading activity was not based on market fundamentals or an actual trading strategy to benefit investors. It was merely an attempt to mislead market participants in order to increase assets under Green Brothersmanagement. The action violates Standard II(B) Market Manipulation.

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