微信扫一扫
实时资讯全掌握
| Which of the following constraints is appropriate to include in the defined benefit plan's Investment Policy Statement? A. Taxes are not a major issue for the fund because earnings are tax-exempt. B. The fund is constrained to operate under the regulations of ERISA, which require the fund be managed solely in the interest of the plan sponsors and beneficiaries, using the standard of the Prudent Man Rule. C. Liquidity needs are low because of the low correlation between the fund assets and the firm's operating income. |