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沈晨🐾 · 2020年06月14日

问一道题:NO.PZ2015122801000063 [ CFA I ]

问题如下:

Which of the following market indexes is least likely to be reviewed periodically to confirm that their constituent assets still meet the qualifications that to be included in the index? Instead, it needs to be reconstituted frequently. An index that is designed to measure:

选项:

A.

the growth of commodity prices.

B.

the returns of real estate.

C.

the yields of commercial paper.

解释:

C is correct.

Because the constituent securities need to be replaced when they mature, an index of commercial paper yields needs to be reconstituted frequently. The other two indexes need to be reviewed periodically to confirm whether their constituent assets still meet the qualifications to stay in the index.

这里least likely to be reviewed是什么意思?不是最不可能的意思吗?
1 个答案

Debrah_品职答疑助手 · 2020年06月15日

同学你好,你理解的是对的。这道题考察的是固定收益证券(债券)指数的特点。请看讲义99页。

这道题就是问下列哪个指数是需要定期调整成分的,而不是定期确认成分是否满足指数风格。选项三个只有C是固定收益指数,因为债券有到期日且商业票据在一年内到期,所以他不需要定期确认成分是否满足指数风格,而是需要定期调整成分的(即到期了就换一批商业票据),因此选C。

 

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