investable

嗨，爱思考的PZer你好：

investable和可复制有关，和投资范围无关。

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努力的时光都是限量版，加油！

嗨，努力学习的PZer你好：

定位到文中：The benchmark is a cap-weighted bond index with daily reported performance; the index is rebalanced frequently, making it difficult to replicate. 这句话描绘的是measurable，benchmark可计量的，所以我们这道题选B。

A is incorrect because the benchmark is a cap-weighted bond index that is rebalanced frequently, making it difficult to replicate. For a benchmark to be investable, it must be possible to replicate and hold the benchmark to earn its return (at least gross of expenses). The sponsor should have the option of moving assets from active management to a passive benchmark. If the benchmark is not investable, it is not a viable investment alternative. Bond indexes are often not investable and are rebalanced frequently over time.

你看一下解析中对于A的说法，investable的要求是要能够replicate，但是现在是rebalanced frequently，无法做到replicate。和你说的投不到无关。

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努力的时光都是限量版，加油！