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cfaer · 2017年05月09日

[CFA III][ASSET ALLOCATION] 2017 MOCK 下午题 Q19 答案疑问

经典题通关课
SS8-9 Asset Allocation
Reading 19 Market Indexes and Benchmarks

2X倍速 04:07

2017 MOCK 下午题 Q19 答案疑问

Todd:
“We should match the passive and active managers with the appropriate security market index. Any benchmark or index we use should fit the specific needs of the sponsor (Stone Bancorp) rather than just the manager. Also, excluding the hedge funds, the indexes should be widely available.”
In the team’s initial discussion of the use of benchmarks which of Todd’s statements concerning indexes and benchmarks is most accurate? His statement regarding:
A the availability.
B active and passive managers.
C the needs of the sponsor.

答案为C

我记得不是有一个MISFIT IR和TRUE IR里面讲到 真正的BENCHMARK得MANAGER自己选吗?

1 个答案
老师答案

真正的benchmark是根据sponsor的需求来选的,肯定不能根据manager的需求来选,不然manager不就可以选一个对自己有利的嘛,这样可以增加绩效奖金。

然后misfit的问题不是AA这门课的,是equity这门课的,equity里面的misfit指的是基金经理的benchmark跟sponsor的benchmark是不一样的

何旋hexuan · 2017年05月09日

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