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You have been given a client whose
“conventional” investor profile matches your own. In your StockTrak account you
have access to $1,000,000. Half of this amount or $500,000 represents the
client’s portfolio. As a start choose 8-12 mutual funds that will match the
Broad and Narrow asset allocations you defined from your Investor Questionnaire.
selection of mutual funds should match the broad and narrow
asset allocation from the investor questionnaire. In order to do that, take the
1. Calculate approximate
percentages and dollar amounts you will invest in the broad category of
stocks/bonds/cash. 100% = $500,000
2. Calculate approximate percentages and dollar
amounts you will invest in the subcategories listed in the sample asset
allocation table from the questionnaire.
(i.e. large equities, high yield bonds…) Again, 100% = $500,000
Your selection of mutual funds should also demonstrate an understanding of the risk return
criteria select and purchase the first 8 to 12 mutual funds.
Use the Morningstar database (Fund screener)
to choose funds.
To get into the Morningstar go and search rivier.edu then on the right hand side
on top you will see library/ERC
click that and then you will see ResearchDatabase/Journal
on left hand side click that and you will see bunch of subject click on Business and Economic and then you will
see Morningstar Investment Research
center click that and they will ask for 9 digit number type this number 000036086 and then you should be able
to look for the mutual funds.
When you have selected
the fund from the fund screener,
Create an excel file to track
the mutual funds you purchased on Stock-Trak.
Include your client’s initial position in the fund. The
client’s initial position in the fund is the
initial purchase amount of each fund on StockTrak.
Identify which asset (broad and narrow) category the fund
Identify each Benchmark you will use to evaluate each
Include in the excel sheet or
in a separate word document a brief explanation of the decision process for each
fund selection. That is, what criteria did you use to select each mutual fund
for your initial purchases.