问题如下:
Which of the following statement regarding tactical asset allocation (TAA) is correct?
选项:
A. TAA is short-term deviation from strategic asset allocation in order to seek and capture return opportunities.
B. Systematic TAA reflects the manager skill in predicting and timing short-term market.
C. Discretionary TAA relies on quantitative signals to capture return anomalies.
解释:
A is correct.
考点:tactical asset allocation
解析:A是TAA的定义。BC为TAA的两种方式,正好说反了。Discretionary TAA是qualitative的,反映了基金经理预测和择时的能力。Systematic TAA企图找到资产大类在收益上的异常,所以抓的是市场信号,是quantitative或者说是rule-based的。
能解释一下B吗 感觉也和timing没关系吧?怎么体现quantitative?