问题如下:
Following are some types of portfolio management. If the market is weak-form efficient but semi-strong-form inefficient, which of these types is most likely to earn an abnormal return?
选项:
A.Active portfolio management by using technical analysis.
B.Passive portfolio management.
C.Active portfolio management by using fundamental analysis.
解释:
C is correct.
In a semi-strong-form inefficient market, fundamental analysis is able to help analysts to earn abnormal returns by using publicly available information to identify misvalued securities. If the market is weak-form efficient, technical analysis is not able to earn abnormal returns. If the market is semi-strong-form efficient, passive portfolio would outperform fundamental analysis.
请问这道题是weak-form的情况下,为什么c选项的active trading还能获得超额收益?