NO.PZ202207040100000703
问题如下:
Which of the following index methodologies is most appropriate to use as a benchmark for the overall stock portfolio described in Pool 2?
选项:
A. Factor based
B. Capitalization weighted
C. Fundamentally weighted
解释:
SolutionA is correct. The value risk factor is associated with mature companies that have stable net incomes and high dividend yields. This factor-based method would create the most appropriate benchmark for the Pool 2 equity portfolio.
B is incorrect. Although cap-weighted index construction is widely used, it does not fit the description of the mandate for the overall portfolio in Pool 2.
C is incorrect. Fundamental weighting is an alleged improvement on cap-weighted indexing that uses a cluster of fundamentals, such as book value, cash flow, revenue, dividends, and employee count, as a basis for constituent weighting. These are not included in the description of the mandate for the overall portfolio in Pool 2.
如何從題中分析到是factor based?