问题如下图:
选项:
A.
B.
C.
解释:
idiosyncratic risk是非系统性风险?
Shimin_CPA税法主讲、CFA教研 · 2019年03月14日
是的。
引用原版书原文:“nonsystematic risk is the risk that pertains to a single company or industry and is also known as company-specific, industry-specific, diversifiable, or idiosyncratic risk”
walan · 2020年01月08日
那答案的解释不对吧?根据原文,“nonsystematic risk is ……diversifiable”,中文答案为什么说很难通过分散化消除非系统性风险?摘录baidu:系统性风险不可以消除,不能通过证券投资组合原理来分散,但非系统性风险可以通过投资的多样化来化解,可以通过制定证券投资组合将这种风险分散或转移。
walan · 2020年01月08日
而且C的答案好像看起来也不靠谱,难道房地产的风险主要是个体影响?为啥我觉得跟宏观影响更大呢……
NO.PZ2018110601000018 问题如下 For those who are interestein allocation to less liquiasset classes, a portfolio manager shoultell them that: Common illiquiasset classes have severaccurate inxes The overall illiquiasset classes perform better thliquiasset classes The risk anreturn characteristiof illiquiasset classes are often minateiosyncratic risk. C is correct. 考点:allocating to less liquiasset classes 解析:流动性差的资产类型面临几个问题,一是缺少精准的指数(A错),即使有track的成本也非常高,所以整体的业绩如何很难判断(B错),二是很难通过分散化消除非系统性风险(C正确)。 A的意思不就是只有很少的精确指数么?那不就是缺少精确指数吗
NO.PZ2018110601000018问题如下 For those who are interestein allocation to less liquiasset classes, a portfolio manager shoultell them that: Common illiquiasset classes have severaccurate inxes The overall illiquiasset classes perform better thliquiasset classes The risk anreturn characteristiof illiquiasset classes are often minateiosyncratic risk. C is correct. 考点:allocating to less liquiasset classes 解析:流动性差的资产类型面临几个问题,一是缺少精准的指数(A错),即使有track的成本也非常高,所以整体的业绩如何很难判断(B错),二是很难通过分散化消除非系统性风险(C正确)。 问题涉及的非流动资产的性质讲义里或者原版书里有提过么
The overall illiquiasset classes perform better thliquiasset classes The risk anreturn characteristiof illiquiasset classes are minateiosyncratic risk. C is correct. 考点allocating to less liquiasset classes 解析流动性差的资产类型面临几个问题,一是缺少精准的指数(A错),即使有track的成本也非常高,所以整体的业绩如何很难判断(B错),二是很难通过分散化消除非系统性风险(C正确)。 B 总体而言illiquiassets比liquiassets表现好我觉得是对的,因为illiquiassets多了liquity risk 需要额外被补偿。 C illiquiassets 大部分是非系统性风险。我觉得系统性和非系统性肯定都有,也很难说哪个更为主要。比如经济崩盘的时候拉垮房地产市场的就是市场,这时候反而系统性风险占主导。
问一道题:NO.PZ2018110601000018