casebook2016C題目…
Q5，monthly arithmetic return和standard deviation of return，與判斷是不是closet indexer無關么？
Q2，long extension的beta是比long only大還是小呢？alpha是大還是小？
請問security lending中的由collateral產(chǎn)生的return，是歸屬哪方的呢？感覺是股票的borrower，另外股票的dividend是歸屬lender的吧？投票權呢？謝謝
歷年真題下冊（14頁）Equity 2014年 Question3 The regression output indicates Fund A's selection is 0.28 什么意思
如果遇到描述積極權重和積極風險之間的關系，應該怎么回答比較合適？課程上感覺有點散
個人理解已截圖，請幫忙解答
這塊老師計算錯誤了吧？？我計算出來的是2.3333？
老師，指數(shù)構建中市值作為權重與fundamental weights 有什么區(qū)別？另外，equally weights 中所謂的equally weight 是指平等分什么呢？股數(shù)？股價？還是啥？不太懂。
老師，密卷下午提item set 4最后一問，為什么comment 2錯，comment 3對？1. long-short equity不是可以reduce beta risk， 那說shorting can increase active risk不就錯了嗎？2. long-short equity還可以增加potential alpha, 那market return premium應該也是增加？——以上我哪里理解錯了呢？
老師好 tracking error 會受 infrequent rebalancing 的影響 這個影響指的是portfolio還是index? 有沒有可能index 沒有及時更新 比如說應該有500只股票 但是他現(xiàn)在有505只 所以也會造成tracking error 呢？還是說在有明顯的高mgmt fee 或者別的條件時時才說它的tracking error 高？謝謝
Q33: 書中18章exhibit 3 那張表的解釋了里提到alive cap tilt。請問為什么是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.
老師，箭頭指向這句話為什么是對的？
Grasmere Asset Management Case Scenario官網(wǎng)題，這個可以講解一下嗎
ig bond 和 pure indexing 不應該是負相關嗎？這個為什么不對呢？
程寶問答
金程問答