问题如下:
An investment manager is given the task of beating a benchmark. Hence the risk should be measured in terms of
选项:
A.Loss relative to the initial investment
B.Loss relative to the expected portfolio value
C.Loss relative to the benchmark
D.Loss attributed to the benchmark
解释:
C is correct. This is an example of risk measured in terms of deviations of the active portfolio relative to the benchmark. Answers A and B are incorrect because they refer to absolute risk. Answer D is also incorrect because it refers to the absolute risk of the benchmark.
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