文档介绍：InvestmentPolicyandtheFrameworkoftheCFAInstituteChapter28:InvestmentPolicyandtheFrameworkoftheCFAInstituteChapterOpenerPART  ,.   Whilemanyprinciplesofinvestmentsarequitegeneralandapplytovirtuallyallinvestors,,taxbracket,age,risktolerance,wealth,jobprospects,anduncertaintiesmakeeachinvestor',constraints,,hespecialissuestheymustconfront.   Ofcourse,thereisnounique“correct”,someapproachesarebetterthanothers,anditcanbehelpfultotakeonehigh-,,,hatahighlyrespectedprofessionalgroupendorsesthroughthecurriculumthatitrequiresinvestmentpractitionerstomaster.   Thebasicframeworkinvolvesdividingtheinvestmentprocessintofourstages:specifyingobjectives,specifyingconstraints,formulatingpolicy,,bothindividualandinstitutional,,andweconsidersomeoftheinvestmentpoliciesthateachcanchoose.