3. Investment Constraints
e. describe the investment constraints of liquidity, time horizon, tax concerns, legal and regulatory factors, and unique circumstances and their implications for the choice of portfolio assets;
What five constraints affect the investment plan? 1. Liquidity needs 2. Time horizon 3. Tax concerns 4. Legal and regulatory factors 5. Unique needs/preferences
Source:
CFA
Graph:
- 115.100.04 Portfolio Management - Reading 54 - Basics of Portfolio Planning and Construction to 115.100.04.03 Portfolio Management - Reading 54 - 3. Investment Constraints