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非恒名 · 2024年01月11日

请教一下为啥A不对?

NO.PZ2022122701000035

问题如下:

Suppose that the results of a style analysis for an investment manager are not consistent with the stated philosophy of the manager and the manager’s stated investment process. These facts suggest the:

选项:

A.

absence of style drift.

B.

investment process may not be repeatable.

C.

manager should be included in the universe of potential managers.

解释:

Correct Answer: B

The results of the returns-based style analysis and the holdings-based style analysis should be consistent with the philosophy of the manager and the investment process. If this is not the case, it may suggest that the process is not repeatable or not consistently implemented. For these results the manager should not be included in the universe of potential managers, whereas if the results track over time they may suggest style drift.

分析结果与声称的不一样,不是风格漂移嘛?

1 个答案

吴昊_品职助教 · 2024年01月11日

嗨,努力学习的PZer你好:


A选项的意思是不存在投资风格的变化。注意“absence”。由于基金经理的实际投资风格和此前陈述的不符,所以是存在投资风格的变化,因此选项A不正确。

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非恒名 · 2024年01月11日

…看题看晕了的锅!我想成了存在的意思