CFA一级考试题型是怎么样的，Fund of Funds的考点考的多不多呢？有没有相应的考试题做呢？接下来说说CFA一级考试题型是怎么样？
CFA一级考试共有240道选择题，每卷120题，每题有A,B,C三个选择，分值相等。
知道了相应的CFA一级考试题型，那下面的两道考题是不是Fund of Funds考点考题呢。
【例1】For a hedge fund investor, a benefit of investing in a fund of funds is least likelythe:
A. multilayered fee structure
B. higher level of due diligence expertise
C. ability to negotiate better redemption terms
答案: A解析:考查FOF的优缺点。
【例2】Which of the following least likely describes an advantage of investing in hedge funds through a fund of funds? A fund of funds may provide investors with:
A. lower fees due to economies of scale.
B. access to funds that are closed to new investors.
C. access to managers with expertise in finding reliable and good-quality hedge funds.
答案: A解析:考查对FOF优缺点的掌握。
Fund of Funds【定义】简称FOF，指的是投资于hedge fund的fund。CFA一级考试中它有优点也有缺点，也是常考的知识，上面老师出的考试题就是它的优缺点，那它的优缺点是什么呢？
它的优点是投资起点低，小投资者可以购买；赎回限制少；diversification effect分散化投资，降低风险；它的缺点就是additional layers of fee多层收费。
