老師，您好，high incentive fee可以導致收益波動增大，為啥，comments的higher fees為啥不對呢，謝謝啦/題目如下：Noting that MFC has two managers who use the same index as their benchmark, Shaw observes that Fund A and Fund B have similar Active Share and a similar number of positions, but Fund A’s realized active risk of 7% is almost three times greater than that of Fund B. Shaw makes the following comments:/ I think Fund B makes a lot of sector bets./ Fund A likely has higher fees than Fund B / Fund A should have a greater dispersion of returns about the benchmark.
這類題一直錯。請老師再詳細講一下。 另factor neutral是哪種情況？
老師，concentration level是什么呀，在做題中遇到了/題目如下McMahon observes that the benchmark used for the US large-cap equity component is a price-weighted index containing 150 stocks. The benchmark’s Herfindahl–Hirschman Index (HHI) is 0.0286./選項 Based on its HHI, the initial US large-cap benchmark most likely has: a concentration level of 4.29. an effective number of stocks of approximately 35. individual stocks held in approximately equal weights.
您好，這句話應該怎么理解呀
是否可以判斷一定不是一個quantitative
百題CASE11的最后一問我完全不理解它要問什么 其次，這個投資value stock和contraian有什么關系嗎 這是哪一章的內(nèi)容?
rewarded factor 是只有書上這么幾個嗎？和以前學的APT以及那么多的risk factor都不一樣嗎？書上的這種叫法感覺很困惑，特別是說factor weighting是rewarded factor，才這么幾個，那其他的所有的因子上的收益，都是alpha？alpha也太多了。
Q4計算，沒有weighting只有系數(shù)啊，不明白
想問一下：1、ETF可以日間交易，mutual fund只能日終交易？2、ETF交易可能不能及時賣出？哪怕日終也不行，但mutual fund一定能在日終賣出？就是mutual fund的illiquidity只體現(xiàn)在日間不能交易
以分散化為導向的因子組合策略中等權重和分散化策略，哪個策略構建的組合分散化效果最好，風險最低？
Cash-covered_put的圖像是怎么樣的呢？
請問老師，例題中答案這句標黃的這段話該怎么理解
關于closetindexer，文中感覺沒有那句話說這幾個fund聲稱自己是active的，那么即使是復制指數(shù)的，怎么算是closet????index?
老師，能否給講講Morningstar和Lipper的區(qū)別？
factor rotation和factor timing是一個意思嗎
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