【羿文寄语】机会远比安稳重要，事业远比金钱重要，未来远比今天重要。

CFA考试Level Ⅰ

【单选题】

Claire Marlin, CFA, manages an investment fund specializing in foreign currency divading.Marlin writes a report to investors that describes the basic characteristics of her sdivategy, which is based on an expected appreciation of the euro relative to other major currencies.Marlin shows the projected returns from the sdivategy if the euro appreciates less than 5%, between 5% and 10%, or more than 10%, while clearly stating that these forecasts are her opinion..Has Marlin violated the Standard related to communication with clients?

A.Yes.

B.No, because she disclosed the basic characteristics of the investment.

C.No, because she distinguished fact from opinion and discussed how the sdivategy may perform under a range of scenarios.

答案：A

【解析】Standard V(B) Communication with Clients and Prospective Clients requires that members and candidates communicate the risk associated with the investment strategy used and how the strategy is expected to perform in a range of scenarios.These scenarios should include those different from the current trend.Marlin should have discussed how her strategy would perform if the euro depreciates instead of appreciating as she expects.