NO.PZ202207040100000404
问题如下:
The fund in Exhibit 3 that is most consistent with Quint’s requirements is:选项:
A.Ash. B.Blue. C.March.解释:
SolutionC is correct. The March Fund is the fund that is most consistent with Quint’s requirements for the best risk-efficient delivery of results. It delivers the lowest active risk (3.2%) using far fewer securities (140), indicating an efficient approach. The higher Active Share (0.75) for the similar level of fees also supports this decision.
A is incorrect. Ash has the highest active risk, which indicates active return contributions of a greater dispersion than the benchmark and the competing funds. More securities and lower Active Share are not supportive of this fund choice.
B is incorrect. Blue has the highest number of securities and a relatively low Active Share. Although the overall portfolio volatility is the lowest of the three (producing a higher Sharpe ratio), the more relevant risk is that attributable to active management. Greater active risk despite more securities is not the most efficient method.
请问关于risk-efficient delivery,不需要参考Annualized porfolio volatility数值吗?本题March的最大