NO.PZ201809170400000402
问题如下:
Which of the following statements about the approaches and styles of either Furlings, Asgard, or Tokra is incorrect?
选项:
A.Furlings is a top-down sector rotator with a value orientation within sectors.
B.Asgard is a bottom-up manager with a GARP (growth at a reasonable price) style.
C.Tokra is a factor-based manager using value, growth, and profitability metrics.
解释:
C is an incorrect statement. Although Tokra is a factor manager, and although it uses a value proxy such as P/B and a profitability proxy such as return on assets, it does not use a growth proxy such as earnings growth over the last 12 or 36 months but rather a price momentum proxy.
A is a correct statement. Furlings is a top-down manager. It makes significant sector bets based on industry and economic indicators derived from the head manager’s experience, and it does select its securities within sectors while considering relative valuation.
B is a correct statement. Asgard favors securities that have reasonable valuations and aboveaverage growth prospects. It has a bottom-up approach and builds its portfolio starting at the security level.
答案意思是:
value proxy : P/B,是不是还可以是 P/e,还有哪些指标?
profitability proxy : return on assets,还有别的吗?
price momentum proxy:such as earnings growth over the last 12 or 36 months,还有别别的吗?
growth proxy :有哪些指标?
帮我把这几个类别在扩充一些指标吧,我当作结论记住。谢谢