老師，請問書本534頁第六題答案lower correlation of the two stocks in the new position should contribute more to active risk than the two- stock position that it replaced為什么是more to active risk而不是less to active risk？
老師，請問書本534頁第三題答案The relatively low level of trading volume of small- cap stocks can be a significant implementation hurdle for a manager running a strategy with significant assets under management and significant positive active weights on smaller companies講的是什么意思？為什么是smaller companies？
老師，請問書本451頁六題，Morningstar methodology和Lipper methodology課程視頻沒有講到，能否詳細講解一下它們的概念和異同點？
老師，能否詳細講解一下書本450頁第三題答案，有些看不懂？
請問老師security lending 中，發(fā)放股利歸誰所有？
老師，請問書本378頁第十四題答案 the lowest cash holding and the lowest fees. As a result, Portfolio 3 has the potential for the lowest tracking error compared with the other proposed portfolios怎么理解cash holding和fee對tracking error的影響？
老師，請問書本377頁第九題，文中從哪方面能得出concentrate risk exposure這個結論？不太明白？
老師，請問書本376頁第三點題答案index that contains a large number of constituents will tend to create higher tracking error than one with fewer constituents.為什么這里數量越是多，tracking error 越是高？不是應該分散化效果越好，tracking error越低嗎？這個數值有沒有一個范圍？在范圍之內是有分散效果，超過了就沒有？
老師，請問書本375頁第二題，preference for low- beta (risk) stocks說明什么？是large cap嗎？能反映是什么風格的嗎？
老師，請問書本332頁第七題答案Note 5 is incorrect because the predictability of correlations is uncertain怎么來解釋？Note5錯在哪里？
老師，請問書本332頁第二題the fund has a style classified as aggressive這點能說明是什么風格？
可否具體描述下active share的概念，謝謝。
老師，能否詳細解釋一下最后兩點什么意思？為什么小國家的利率要高？
老師，請問在initial recovery為什么Cyclical, risker assets such as small-cap stocks and high yield bonds doing well？
老師，請問最后一段，the share of capital指什么？它為什么會expected to change從而影響total value of equity？
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