单选题
Which of the following should NOT be included as a constraint in an investment policy statement (IPS)?
A、
How funds are spent after being withdrawn from the portfolio.
B、
Tax implications on the returns generated by the portfolio.
C、
Constraints put on investment activities by regulatory agencies.
【正确答案】
A
【答案解析】
How funds are spent after withdrawal would not be a constraint of an IPS.
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