问题如下:
6. The best response to Nabli’s question about the relative performance of the two indexes is that Index B is most likely to exhibit returns that are:
选项:
A.lower than those of Index A.
the same as those of Index A.
higher than those of index A.
解释:
C is correct.
Index B is likely to have higher performance than Index A in a market that is trending upward. Indexes that (perhaps inadvertently) contain contracts that more commonly trade in backwardation may improve forward-looking performance because this generates a positive roll return. Similarly, indexes that contain contracts that more commonly trade in contango may hurt performance for the same reason (i.e., negative roll return).
请教一下,这里问的是performance,题目中in a market that is trending upward,趋势向上,contango的performance为什么还差些啊?这里仅roll return吗?