Did sarah violate the cfa standards of professional conduct

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Question: Sarah,acFA charterholder,manages a mutual fund that historically focused on large-cap equities. Recently, she shifted a significant portion of the fund's assets into high-yield bonds, aligning with her new market outlook. However, she does not explicitly inform her clients about this strategic shift, believing it's covered under the broad investment objectives outlined in the initial fund prospectus. Did Sarah violate the CFA Standards of Professional Conduct?

Reference no: EM133613969

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