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A company has a defined benefit plan that is currently under-funded. The plan sponsor has instructed the portfolio manager of the plan to invest more aggressively to bring the funding level up to an adequate amount. Which of the following statements best describes the course of action the portfolio manager should take? The portfolio manager should: A. not invest more aggressively because this is not the method used to increase the funding level of a plan. B. not invest more aggressively since this may expose the plan to too much risk and may not be in the best interest of the plan's beneficiaries. C. invest more aggressively because his fiduciary duties lie with the plan sponsor. |