NO.PZ202207040100000402
问题如下:
In regard to Shaw’s comments about Fund A and Fund B, the one that is most accurate concerns:选项:
A.Fund A’s fees. B.Fund A’s dispersion. C.Fund B’s sector bets.解释:
SolutionB is correct. Shaw’s comment about Fund A’s dispersion is correct. With a higher active risk (tracking error), Fund A has a greater likelihood of having results dispersed more broadly (both positive and negative) around benchmark results than Fund B has. Investors are more likely to be willing to pay higher fees for higher Active Share as an indicator of greater active management, but Active Share is identical for Fund A and Fund B. Sector bets are likely to affect active risk; therefore, Fund A is more likely to be using sector bets, not Fund B.
A is incorrect. Investors are more likely to be willing to pay higher fees for higher Active Share as an indicator of greater active management, but Active Share is identical for Fund A and Fund B.
C is incorrect. Sector bets are likely to affect active risk; therefore, it is Fund A that is more likely to be using sector bets, not Fund B.
bottom up systematic approach的话,fund has high dispersion的话,那应该就是low active risk,不好吗?
能不能讲讲这题要怎么理解