开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)｜3.2.5(安卓)APP下载

返回

IanZQ · 2023年07月30日

为什么NOTE5不对

  1. CFA III
  2. Equity

NO.PZ2023010903000005

问题如下：

Hans Smith, an Albright portfolio manager, makes the following notes after examining these funds:

Note 4 Of the four funds, the Elmer Fund is most likely to appeal to investors who want to minimize fees and believe that the market is efficient.

Note 5 Adding investment-grade bonds to the Elmer Fund will decrease the portfolio’s short-term risk.

Which of the notes regarding the Elmer Fund is correct?

选项：

A.

Only Note 4

B.

Only Note 5

C.

Both Note 4 and Note 5

解释：

For passively managed portfolios, management fees are typically low because of lower direct costs of research and portfolio management relative to actively managed portfolios. Therefore, Note 4 is correct.

Note 5 is incorrect because the predictability of correlations is uncertain.

为什么NOTE5不对

添加评论
1 个答案

笛子_品职助教 · 2023年07月31日

嗨，爱思考的PZer你好：


为什么NOTE5不对

Hello，亲爱的同学~

我们看Note5的阐述：

Note 5 Adding investment-grade bonds to the Elmer Fund will decrease the portfolio’s short-term risk.


根据知识点，在股票里加入债券，短期并不一定会降低风险。例如在金融危机里，股债会同向变化，相关性短期会变得很高。

考基础讲义，红框里这段话：


因此Note5的说法不正确，与Equity知识点不符合。

----------------------------------------------
加油吧，让我们一起遇见更好的自己！

  • 1

    回答

  • 7

    关注

  • 601

    浏览
相关问题

NO.PZ2023010903000005问题如下 Hans Smith, Albright portfolio manager, makes the following notes after examining these fun:Note 4 Of the four fun, the Elmer Funis most likely to appeto investors who want to minimize fees anbelieve ththe market is efficient.Note 5 Aing investment-gra bon to the Elmer Funwill crease the portfolio’s short-term risk.Whiof the notes regarng the Elmer Funis correct? Only Note 4B.Only Note 5Both Note 4 anNote 5 For passively manageportfolios, management fees are typically low because of lower recosts of researanportfolio management relative to actively manageportfolios. Therefore, Note 4 is correct.Note 5 is incorrebecause the prectability of correlations is uncertain. 我记得trasp500这种passive方法fee应该很高呀？

2024-08-06 23:23 1 · 回答

NO.PZ2023010903000005问题如下 Hans Smith, Albright portfolio manager, makes the following notes after examining these fun:Note 4 Of the four fun, the Elmer Funis most likely to appeto investors who want to minimize fees anbelieve ththe market is efficient.Note 5 Aing investment-gra bon to the Elmer Funwill crease the portfolio’s short-term risk.Whiof the notes regarng the Elmer Funis correct? Only Note 4B.Only Note 5Both Note 4 anNote 5 For passively manageportfolios, management fees are typically low because of lower recosts of researanportfolio management relative to actively manageportfolios. Therefore, Note 4 is correct.Note 5 is incorrebecause the prectability of correlations is uncertain. 请问note 5 如果改成加了cash这类risk free rate 是否可以降低风险？

2024-07-03 22:31 1 · 回答

NO.PZ2023010903000005 问题如下 Hans Smith, Albright portfolio manager, makes the following notes after examining these fun:Note 4 Of the four fun, the Elmer Funis most likely to appeto investors who want to minimize fees anbelieve ththe market is efficient.Note 5 Aing investment-gra bon to the Elmer Funwill crease the portfolio’s short-term risk.Whiof the notes regarng the Elmer Funis correct? Only Note 4 B.Only Note 5 Both Note 4 anNote 5 For passively manageportfolios, management fees are typically low because of lower recosts of researanportfolio management relative to actively manageportfolios. Therefore, Note 4 is correct.Note 5 is incorrebecause the prectability of correlations is uncertain. 会因为这个是passive的fun以risk就是tracking error吗

2023-08-08 23:38 1 · 回答