NO.PZ2023040301000066
问题如下：
The Compared with its market-value-weighted counterpart, a fundamental weighted index is least likely to have a
选项：
A.
momentum effect
B.
contrarian effect
C.
value tilt
解释：
The momentum effect is a characteristic of a market-capitalization-weighted index, not a fundamental index.
B is incorrect. The fundamental indexes generally have a contrarian effect in that the portfolio weights will shift away from securities that have increased in relative value whenever the portfolio is rebalanced.
C is incorrect. Fundamental weighting leads to a value tilt because the ratios of book value, earnings, dividends, etc., to market value of the firms in a fundamental index tend to be larger than those of the firms in its market-capitalization-weighted counterpart
老师能帮忙解释一下B选项吗？
