According to the AIMR- PPS, ________ are defined to include all discretionary and nondiscretionary assets.

According to the AIMR- PPS, ________ are defined to include all discretionary and nondiscretionary assets.
A . individually managed assets
B . individual investor’s assets
C . total firm assets
D . global assets

View Answer

Answer: C

Explanation:

Total firm assets are defined to include all discretionary and nondiscretionary assets. Total firm assets don’t refer to assets underlying overlay investment strategies, such as currency overlay, options and futures overlays, securities lending programs and asset allocation overlay strategies, unless the firm actually manages the underlying assets.