问题如下:
Risk attribution differs from return attribution in that it:
选项:
A. is not conducted relative to a benchmark.
B. quantifies the risk consequences of the investment decisions.
C. quantifies the investment decisions of the investment manager.
解释:
B is correct.
Risk attribution, unlike return attribution, attempts to quantify the risk consequences of the investment decisions.
A is not correct because risk attribution may be conducted on either an absolute or a relative basis.
C is not correct because risk attribution does not capture the return impact of a manager’s investment decisions.
这个里面的risk consequences具体指什么?