NO.PZ2018110601000038
问题如下:
Which of the following statements regarding
tactical asset allocation and strategic asset allocation is incorrect?
选项:
A.
Strategic asset allocation represents
long-term investment policy targets for asset class weights.
B.
In seeking to capture a short-term return
opportunity, strategic asset allocation decisions move the investor’s risk away
from the targeted risk profile.
C.
Generating alpha through tactical asset
allocation decisions is dependent on successful market or factor timing rather
than security selection.
解释:
B is correct.
考点:SAA vs TAA
解析:B选项的描述错误,抓短期机会的是Tactical asset allocation。TAA在短期内偏离SAA的目标,从而获得超额收益。
获得alpha 择股和择时不是一样重要吗?