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CFA考试Level Ⅰ

【单选题】

Cobb, Inc., has hired Jude Kasten, CFA, to manage its pension fund.The client(s) to whom Kasten owes a duty of loyalty are:

A.Cobb's management.

B.the shareholders of Cobb, Inc

C.the beneficiaries of the pension fund.

答案：C

【解析】Standard III(A) Loyalty, Prudence, and Care specifies that for the manager of a pension or trust, the duty of loyalty is owed to the beneficiaries, not to the individuals who hired the manager.