115 CFA
File: Portfolio Management - Reading 54 - 3. Investment Constraints

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

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