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Paul Salyer,a portfolio manager, is making a presentation to a prospective client. Paul says that as a new portfolio manager, he made an average annual rate of return of 50% in the last two years at his previous firm and that based on this, he can guarantee a 50% return to the client. Which of the following statements is in accordance with Standard III(D), Performance Presentation? A. Implying that he can guarantee a return. B. Imputing his past performance to future performance. C. Stating his past performance as long as it is fact. |