NO.PZ2018101901000022
问题如下:
Investment managers incentivized or accountable for short-term performance by current and prospective clients is a potentially rational explanation for which of the following?
选项:
A. Home bias
B. Bubbles
C. Value stocks outperforming growth stocks
解释:
B is correct.
Investment managers’ incentives—or perhaps more accurately, their perception of their incentives—for short-term performance were named as considerations in the technology and real estate bubbles. Not participating in the bubble presented certain FMPs with commercial or career risk.
clients在这儿什么意思?