The First Step a Pension Fund Should Take Before Beginning

question 51

Multiple Choice

The first step a pension fund should take before beginning to invest is to

• A) establish investment objectives.
• B) develop a list of investment managers with superior records to interview.
• C) establish asset allocation guidelines.
• D) decide between active and passive management.

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Definitions:

Definition of Family

The conceptual or legal understanding of what constitutes a family, varying across different cultures and legal systems, often encompassing relationships by blood, marriage, or adoption.

Practitioner

A professional engaged in the practice of a particular occupation or profession, often in fields such as medicine, law, or social work.

One Family Member

A single person belonging to a family unit, which could imply specific roles, responsibilities, or the focus within family dynamics.

Diverse Cultures

A term referring to the wide range of cultural backgrounds, practices, values, and beliefs present within a population.