问题如下：
Wang made the following statements about the advantages and disadvantages of the top-down and bottom-up approach
Statement 1: One advantage of the bottom-up approach is that it is easier to gain an informational advantage in individual companies or bonds rather than the overall market.
Statement 2: Another advantage of the bottom-up approach is that it can be easy to earn substantial returns from bottom-up security selection without exposing the portfolio to macro factors.
Statement 3: One advantage of the top-down approach is that sizable portion of credit returns can be attributed to macro factors.
选项：
A. Statement 1 and statement 3 are correct.
B. Statement 1 and statement 2 are correct.
C. Statement 2 and statement 3 are correct
解释：
答案：A is correct.
考点：Top-down, bottom-up方法的优缺点对比
解析：Statement 1和Statement 3正确，为原版书原句。
Statement 2错误，正确的应该为：即便用Bottom-up的方法选择出了合适的个股，Credit returns中很大一部分仍可以归因于Marco factors，Statement 2中，easy to earn a substantial return without exposure to macro factors错误；
原版书原句为：
Because a sizable portion of credit returns can be attributed to macro factors, it can be difficult to earn substantial returns from bottom-up security selection without exposing the portfolio to macro factors.
第一条为什么正确？宏观信息一般不是更好收集吗？个体企业信息很多可能不会披露吧