单选题 Which of the following constraints would most likely appear in the unique needs and preferences section of a trust's investment policy statement (IPS)? The portfolio is: A. subject to the prudent-man standard. B. prohibited from investing in tobacoo companies. C. prohibited from holding less than 5% in cash instruments.
【正确答案】 B
【答案解析】[分析] 在投资意向书(IPS)的限制性条款中,特别需求或偏好是指投资者对投资战略有特别的需求,或针对特定情况对投资活动加以具体限制。在本题的选项中,选项B的内容最具特殊性,亦即反映了投资者个人对投资领域的特别要求,因而最符合题意。 [考点] 投资目标的基本类型与投资约束的主要形式