开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)|3.2.5(安卓)APP下载

ʜ ᴀ ᴢ ᴇ ʟ · 2020年03月10日

问一道题:NO.PZ2018062002000001 [ CFA I ]

问题如下:

Tim creates a sophisticated model to forecast the overall stock market's fluctuation.  He uses this model's predictions to help him earning an excess return, an income over the fair return for the risk involved. The model's predictions are used to decide whether to sell, buy, or hold an index fund's shares (the index fund aims to replicate the stock market'  movements). Which of the following statements is correct?

选项:

A.

Tim would best be characterized as a hedger.

B.

Tim would best be characterized as an investor.

C.

Tim would best be characterized as an information-motivated trader.

解释:

C is correct.

Tim believes that he is able to obtain superior information about the movements of the stock market by using his model. His trading motive is that he can utilize that infomation to make a trading profit. Therefore, Tim is best characterized as an information-motivated trader.

请问怎么区分investor和information-M trader,看了讲义并不是很明白。谢谢
1 个答案

maggie_品职助教 · 2020年03月11日

嗨,努力学习的PZer你好:


这里的投资者泛指那些没有分析信息处理信息能力的普通投资者,通常是有钱人希望通过投资实现财富的保值增值而被动进行投资的人,根据他们所能承担的风险来获得相应的收益。其实市面上大部分投资者都是没有投资经验的,所以他们才需要找到我们分析师或投资经理来帮他们进行投资。只有专业的金融分析师或基金经理才能搭建靠谱的估值模型并进一步判断低估高估然后做出投资建议。


-------------------------------
就算太阳没有迎着我们而来,我们正在朝着它而去,加油!