NO.PZ2019012201000040
问题如下:
Matt prefers an approach that emphasizes company-specific factors, does not engage in factor timing, and builds a concentrated portfolio. Matt’s preferred portfolio management approach would be best described as:
选项:
A.systematic top down approach.
B.discretionary top down approach.
C.discretionary bottom-up approach.
解释:
C is correct.
考点:Approaches to Portfolio Construction
解析: Matt更喜欢从公司层面因素开始进行分析的方法,不考虑择时,并运行一个头寸集中的投资组合。这些特征都反映了它是一个可自由决定的自下而上的投资组合管理方法。
通过公司个别风险可以选出来Bottom-Up,但是PZ这题出的不好吧,Systematic Bottom-up does not engage in factor timing,其他三种都有择时的。