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lehrwang · 2024年09月13日

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NO.PZ2022090602000051

问题如下:

How should Moynahan most likely label the management approaches for each of the portfolios described in Exhibit 1 on page 2 of his presentation?

Solutio

选项:

A.

Portfolio 1 = Active Management, Portfolio 2 = Pure Indexing, Portfolio 3 = Enhanced Indexing

B.

Portfolio 1 = Enhanced Indexing, Portfolio 2 = Pure Indexing, Portfolio 3 = Active Management

C.

Portfolio 1 = Active Management, Portfolio 2 = Enhanced Indexing, Portfolio 3 = Pure Indexing

解释:

A is correct. Moynahan should label the portfolios on page 2 as follows: Portfolio 1 = Active Management, which allows for larger risk factor mismatch to the benchmark. Portfolio 2 = Pure Indexing, which involves attempting to replicate a bond index as closely as possible. Portfolio 3 = Enhanced Indexing, which is closely linked to the benchmark but attempts to generate a modest amount of outperformance versus the benchmark.

B is incorrect because the ordering of portfolios given is incorrect. The correct ordering is: Portfolio 1 = Active Management, Portfolio 2 = Pure Indexing, Portfolio 3 = Enhanced Indexing.

C is incorrect because the ordering of portfolios given is incorrect. The correct ordering is: Portfolio 1 = Active Management, Portfolio 2 = Pure Indexing, Portfolio 3 = Enhanced Indexing.

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1 个答案

发亮_品职助教 · 2024年09月18日

已修改,谢谢指正!

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NO.PZ2022090602000051 问题如下 On page 2, Moynahcis to outline the three totreturn approaches he utilizes to manage Reagan’s fixeincome portfolios. He puts together the following exhibit:Exhibit 1 Features of TotReturn PortfoliosHow shoulMoynahmost likely label the management approaches for eaof the portfolios scribein Exhibit 1 on page 2 of his presentation?Solutio A.Portfolio 1 = Active Management, Portfolio 2 = Pure Inxing, Portfolio 3 = EnhanceInxing B.Portfolio 1 = EnhanceInxing, Portfolio 2 = Pure Inxing, Portfolio 3 = Active Management C.Portfolio 1 = Active Management, Portfolio 2 = EnhanceInxing, Portfolio 3 = Pure Inxing A is correct. Moynahshoullabel the portfolios on page 2 follows: Portfolio 1 = Active Management, whiallows for larger risk factor mismatto the benchmark. Portfolio 2 = Pure Inxing, whiinvolves attempting to replicate a boninx closely possible. Portfolio 3 = EnhanceInxing, whiis closely linketo the benchmark but attempts to generate a most amount of outperformanversus the benchmark.B is incorrebecause the orring of portfolios given is incorrect. The correorring is: Portfolio 1 = Active Management, Portfolio 2 = Pure Inxing, Portfolio 3 = EnhanceInxing.C is incorrebecause the orring of portfolios given is incorrect. The correorring is: Portfolio 1 = Active Management, Portfolio 2 = Pure Inxing, Portfolio 3 = EnhanceInxing. 请问下老师,这道题再判断ration是否match的时候,是key rate ration和cret spreration都要和benchmark对比吗?

2024-11-01 10:32 1 · 回答