李同學
2018-05-12 23:15原版書課后題，紀老師講課版本，7.1.11 case11，解答中最后一段話：a return metric implies that 開始到結(jié)尾，沒明白是什么意思。
所屬：CFA Level III 視頻位置 相關(guān)試題
來源： 視頻位置 相關(guān)試題
1個回答
Irene助教
2018-05-14 15:05
該回答已被題主采納
同學你好。是不是這段話？
A return metric implies that fund returns are used at the level of the individual management account to allow an analysis of the fund sponsor’s decisions regarding manager selection. A dollar-metric approach uses account valuation and external cash flow data to calculate rates of return and also to compute the dollar impacts of the fund sponsor’s investment policy decision making.
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追答
這部分主要在說return metric這個方法的好處。
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追答
A return metric implies that fund returns are used at the level of the individual management account to allow an analysis of the fund sponsor’s decisions regarding manager selection.
因為return metric是對于基金經(jīng)理總體return的具體拆分，所以可以幫助基金建倉人，判斷怎么樣選取更符合自己標準基金經(jīng)理。 -
追答
A dollar-metric approach uses account valuation and external cash flow data to calculate rates of return and also to compute the dollar impacts of the fund sponsor’s investment policy decision making.
這個主要是在說dollar-metric是怎么回事。
dollar metric和return-metric的區(qū)別是：dollar-metric用絕對的金額，代替return進行分解。此時，不止可以看出return的分解問題，還能看出絕對金額對于整個組合的影響。 -
追問
老師，謝謝！不過上課老師好像從沒提到這個知識點。我可以理解為return-metric是相對值，dollar metric是絕對值么？
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追答
可以的。
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