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CPWP Module 1 Paper 1: Financial Instruments — Practice Set 2

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A private banking client's agreed strategic asset allocation is 50% global equities, 40% investment-grade bonds and 10% cash. Twelve months ago the portfolio was funded with HKD 10 million at those weights. After a year of strong equity performance the current market values are: global equities HKD 7.2 million, bonds HKD 3.6 million and cash HKD 1.2 million. The relationship manager now rebalances the portfolio to restore the strategic weights. Which set of trades is correct?

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Certified Private Wealth Professional (CPWP) Module 1 Paper 1

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