NO.PZ201809170400000803
问题如下:
Based upon Dewey’s chosen investment process for the management of the Purity Fund,rebalancing of the fund will most likely occur:
选项:
A. at regular intervals
in response to changes in company-specific information
in response to updated output from optimization models
解释:
B is correct. Managers using an active fundamental investment process, like Dewey’s, usually monitor the portfolio’sholdings continuously and may rebalance at any time. In contrast, portfolios
using a quantitative approach are usually rebalanced at regular intervals, such
as monthly or quarterly, or in response to updated output from optimization
models. A is incorrect because portfolios using a quantitative (not
fundamental) active approach are usually rebalanced at regular intervals, such
as monthly or quarterly. C is incorrect because construction of a quantitative
portfolio (not a fundamental portfolio) typically involves using a portfolio
optimizer, which controls for risk at the portfolio level in arriving at
individual stock weights and leads to rebalancing decisions.
为什么不选A