請(qǐng)老師講一下本題
為什么greater disperaion就有active risk
表中三列數(shù)字分別表示什么意思，沒看懂
第一句話最后一部分也是錯(cuò)的吧？foundation不是tax exempt？
官網(wǎng)題46題請(qǐng)講一下
securities lending，分紅還是原來持有者享受，但是原來的持有者就沒有voting rights？
官網(wǎng)題45題講一下
請(qǐng)問為什么判斷index closet的標(biāo)準(zhǔn)，是表1中的前三個(gè)指標(biāo)都要小？只看active risk小行嗎？
Q33: 書中18章exhibit 3 那張表的解釋了里提到alive cap tilt。請(qǐng)問為什么是large cap tilt? In Exhibit 3, we show the sources of performance of each product in terms of its exposure to each of the four factors and its respective alpha. In all cases, the Market factor is the dominant source of performance. The Value and Momentum factors did contribute positively to performance for the Russell 1000 Value, but much of this performance was lost because of the large-cap tilt and the negative alpha. The value fund did get a significant performance boost from the Value tilt, but much of it was lost to the very poor alpha in this period.” Excerpt From 2022 CFA Program Level III Volume 3 Fixed Income and Equity Portfolio Management CFA Institute This material may be protected by copyright.
Q32: 請(qǐng)問這個(gè)為什么選A？ 完全沒看懂解釋。為什么不選Capitalization weighted?
官網(wǎng)題43題怎么區(qū)分packeting和buffering
官網(wǎng)題38題，題目中哪里可以看出是passive factor based strategy？如果不是passive，是一般的factor based strategy(active)，是不是就應(yīng)該是diversify，就不是concentrate
官網(wǎng)題37題這三個(gè)觀點(diǎn)請(qǐng)老師分別講一下對(duì)錯(cuò)
請(qǐng)問這句話怎么理解？The significant sector deviations despite this high diversification are often indicative of a multi-factor manager.
Q35: why the active risk attributed to active share will be smaller in a amore diversified portfolio?
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金程問答