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

Min · 2023年11月05日

请问market-capitalization-weighted indexes需要rebalancing吗

NO.PZ2023040301000068

问题如下:

Which of the following statements is most accurate with respect to rebalancing and reconstitution of security market indices?

选项:

A.

Equal weighted indices require frequent rebalancing

B.

Turnover within an index results from a reconstitution but not from rebalancing

C.

A price-weighted index requires rebalancing more than a market-capitalization­weighted index

解释:

After an equal weighted index is constructed and the prices of constituent securities change, the index is no longer equally weighted. Therefore, maintaining equal weights requires frequent adjustments (rebalancing) to the index

我知道price-weighted indexes不需要rebalancing,请问market-capitalization-weighted indexes需要rebalancing吗?

1 个答案

王园圆_品职助教 · 2023年11月05日

同学你好,market-capitalization-weighted indexes需要rebalancing

举个例子,以市值为权重的指数一开始给市值最大的股票最高的权重——例如买了100股

给市值最小的股票最小的权重——例如买了1股

但随着市场变化,市值最大的股票价格大跌导致市值下降很多,而市值最小的股票价格却大涨导致市值升高——那按照以市值为权重的话,现在就需要调整两只股票买入的股票数量了