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坏呼呼嘿嘿 · 2023年07月30日

这题麻烦给解释一下,考的是两种方法的对比吗?

NO.PZ2023010903000037

问题如下:

Leeter then uses a firm- generated brochure (Exhibit 1) to inform Clickman about some other potential funds that may interest him.

Leeter states that although Altitude Funds and Pioneer Funds both use P/Es in their strategies, both funds incorporate a growth strategy.

Using Exhibit 1, Leeter’s statement about Altitude Funds and Pioneer Funds is most likely:

选项:

A.

correct

B.

incorrect in regard to Altitude Funds

C.

incorrect in regard to Pioneer Funds

解释:

The statement is incorrect in regard to Pioneer Funds but is correct in regard to Altitude Funds. Pioneer Funds uses a relative value strategy (i.e., seeks under-priced securities relative to an industry value benchmark) that has no aspects of a growth strategy.

Altitude Funds uses a hybrid of value strategies (use of P/E) and growth strategies (use of forward EPS) known as GARP (growth at a reasonable price).

A is incorrect. The statement is incorrect in regard to Pioneer Funds but is correct in regard to Altitude Funds. Pioneer Funds uses a relative value strategy (i.e., seeks under-priced securities relative to an industry value benchmark) that has no aspects of a growth strategy.

B is incorrect. The statement is incorrect in regard to Pioneer Funds but is correct in regard to Altitude Funds. Altitude Funds uses a hybrid of value strategies (use of P/E) and growth strategies (use of forward EPS) known as GARP (growth at a reasonable price).

这题麻烦给解释一下,考的是两种方法的对比吗?

1 个答案

笛子_品职助教 · 2023年07月31日

嗨,爱思考的PZer你好:


这题麻烦给解释一下,考的是两种方法的对比吗?

考查的是区分value、growth、GARP。

只看估值低,不看增长,是value。

只看增长高,不看估值,是growth。

既看估值,又看增长,是GARP。


Altitude Funds既看估值,也看增长,是GARP。

Pioneer Funds只看估值低,是value。


因此选C .


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