NO.PZ2019012201000071
问题如下：
Which fund manager’s investing approach is most consistent with fundamental management?
选项：
A.Furlings
Asgard
Tokra
解释：
A is correct. Furlings combines a top-down and bottom-up approach, but in both cases, the allocation process is signifcantly determined according to the managers’ discretion and judgement. There is a strong emphasis on understanding fnancial reporting, and the sector managers focus on a relatively small number for frms. They also extend their analysis to other areas associated with fundamental management, such as valuation, competitive advantages, and governance. Finally, Furlings’s top-down process depends largely on the views and experience of its head manager.
老师好，想问下这里区分fundamental和量化，除了你提到的几个回答之外，是否有一些关键词也可以帮忙鉴别，打比方：
fundamental 常常用到 personal veiws、based on experience等等；
quantitative 常常用到 computer modeling等等。
