韩韩_品职助教 · 2019年06月08日
同学你好，题目中说了dispersion的计算方法。The dispersion of annual returns is measured by the standard deviation across equal
weighted portfolio returns represented within the Composite for the full year. 对于3年的standard deviation, 是后期新加的一个条款，只要求2011年之后有就可以。
For periods ending on or after 1 January 2011, firms must present the three-year annualized ex-post standard deviation of the composite and benchmark using 36 monthly returns as of each annual period-end.
对于Fund来说或，投资再发达国家市场只有10%，仍然属于比较小的占比，所以也还是符合在这个composite之下的。