NO.PZ2018120301000028
问题如下:
The discussion turns to benchmark selection. DFC’s previous fixed-income manager used a custom benchmark with the following characteristics:
Which
of the custom benchmark’s characteristics violates the requirements for an
appropriate benchmark portfolio?
选项:
A.Characteristics 1
B.Characteristics 2
C.Characteristics 3
解释:
Correct Answer: B
B is correct. The use of an index as a widely accepted benchmark requires clear, transparent rules for security inclusion and weighting, investability, daily valuation, availability of past returns, and turnover. Because the custom benchmark is valued weekly rather than daily, this characteristic would be inconsistent with an appropriate benchmark.
请问老师这道题为什么不选A?