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CFA Level 1 Exam
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CFA Level 1 Exam
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Question No. 1
According to the AIMR-PPS, subsectors or carve-outs of larger international composites
Choose the correct option from the given list.
may be used to create stand-alone composites only if the subsectors are actually managed as separate
entities, they need not have their own cash allocations or currency management.
may be used to create stand-alone composites only if the subsectors are actually managed as separate
entities with their own cash allocations and currency management.
may never be included in the composite with the parent company.
may never be used to create stand-alone composites under any circumstances.
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