单选题

An analyst, who is a CFA Institute member, manages a high-grade bond mutual fund. This is his only professional responsibility. When the analyst comes across a speculative stock investment that he feels is a good investment for his personal portfolio, the analyst（）。

A、 may invest in the stock because the analyst would not purchase the stock for the bond portfolio he manages.
B、 may not invest in the stock because of his position as a portfolio manager.
C、 is in violation of Standard Ⅳ(A), Loyalty to Employer, by spending time analyzing stocks when he should only analyze bonds.

【正确答案】 A

【答案解析】

The problem says the analyst “comes across” the speculative stock investment. We do not know if the analyst neglected his duties. Since such an investment is clearly not appropriate for a high-grade bond fund, the analyst may invest in the stock without any restrictions relating to the fund.