gain exposure

问题如下：

A basket of listed depository receipts, or an exchange-traded fund, would most likely be used for:

选项：

gaining exposure to a single equity.

hedging exposure to a single equity.

gaining exposure to multiple equities.

解释：

C is correct.

An ETF is used to gain exposure to a basket of securities (equity, fixed income, commodity futures, etc.).

考点：Private Equity and Non-domestic Equity Securities

题干：购买一篮子上市交易的DR或者ETF是为了获得下列哪种头寸：

A:获得单支股票的头寸

B:对冲单支股票的头寸

C:获得多只股票的头寸

gain exposure是获得风险敞口的意思。投资哪种风险资产，就会获得哪种风险敞口。这里买ETF相当于持有一篮子股票即获得了一篮子股票的头寸的风险，因此选C.