NO.PZ201812020100000206
问题如下：
Based on Exhibit 3, which manager is most likely to have an active management total return mandate?
选项：
A.Manager A
B.Manager B
C.Manager C
解释：
C is correct.
The sector weights, risk and return characteristics, and turnover for Manager C differ significantly from those of the index, which is typical of an active management mandate. In particular, manager C’s modified duration of 6.16 represents a much larger deviation from the benchmark index modified duration of 5.22 than that of the other managers, which is a characteristic unique to an active management mandate.
match index时，是match modified duration还是macaulay durtion?答案中为什么比较的是modified duration而不是macaulay durtion?谢谢老师。
