第六題，請(qǐng)問一下allows for在這里怎么理解？明明應(yīng)該是需要更高的capacity才能采用long only，怎么變成了允許有更高capacity？
variance of the market factor return and covariance with the market factor return 是表達(dá)的這兩個(gè)系數(shù)相乘后的數(shù)據(jù)嗎
active share 的公式是什麼?為什麼要X 0.5?
老師，沖刺筆記R17factor-based strategies下的Factor timing是Factor tilting嗎？
主動(dòng)投資的積極股東主義和被動(dòng)投資的積極股東主義有什么區(qū)別？
case3中第2題，deal fund 是active的，會(huì)有free rider效果，可是這里寫的是at greater risk，deal fund不應(yīng)該是有free rider的收益么？
top down bottom up factor relative absolute這里總分不清，麻煩老師給點(diǎn)tips這種題怎么做
第四題，財(cái)務(wù)模型去計(jì)算公司估值，不是量化統(tǒng)計(jì)模型一種嗎，為什么不是systematic
權(quán)益官網(wǎng)題，Grasmere Asset Management Case Scenario, 為什么另外兩個(gè)不符合呢？以及什么是consolidating industry
Stapleton then begins a description of factor-based strategies. These include common equity factors, such as value, size, and quality, and they can be used either in place of or to complement market-cap-weighted indexing. She points out that relative to market-cap weighting, factor-based strategies tend to diversify risk exposures; are transparent in terms of factor selection, weighting, and rebalancing; but can be copied by other investors, which can reduce the advantages of a strategy. Q. When comparing factor-based strategies relative to the market-cap weighting of an index, Stapleton’s comments are most likely: A. incorrect regarding transparency. B. correct. C. incorrect regarding risk exposure. 請(qǐng)問答案為什麼是Ｃ呢？Factor-based strategy 不是也能達(dá)到risk reduction的作用嗎？
The mandate of Pool 2 also consists of two primary goals: A goal that the overall stock portfolio should consist of mature companies that have stable net incomes and high dividend yields A goal of expressing strong views on many major corporate issues through proxy voting Gentry interviews a potential investment manager, who explains that his expertise lies in being able to enhance return or reduce cost using three techniques: 1. Dividend capture 2. Security lending 3. Covered-call writing Q. Of the three techniques mentioned by the potential investment manager, which is most likely to interfere with Pool 2’s goal associated with corporate governance issues? A. Technique 1 B. Technique 2 C. Technique 3 請(qǐng)問為什麼答案是Ｂ
Case book下冊(cè)，P6問題D，對(duì)active risk和active share的解釋都差不多啊。其實(shí)對(duì)active share的解釋我是寫的出來的，關(guān)鍵是對(duì)active risk的。在對(duì)active risk的解釋當(dāng)中，這句話我不太明白“Active risk，which is driven by the differences between the security weights in the portfolio and the security weight benchmark”，這逗號(hào)后面的內(nèi)容不是赤裸裸地在描述active share嗎？基本是active share的定義了啊。而且課上還講了，active share的增大未必能導(dǎo)致active risk的增大。
老師好，煩請(qǐng)?jiān)俳忉屜逻@兩句關(guān)于高低利率遠(yuǎn)期溢價(jià)折價(jià)的問題
請(qǐng)問：網(wǎng)課最后一集，降到MVHR的practical implication時(shí)，我認(rèn)為老師是不是說錯(cuò)了，講義的意思不是做二元回歸??？
請(qǐng)問Q3，monthly arithmetic return怎么沒有去年化呢？
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