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2022-05-15 07:17請(qǐng)問(wèn)這題材料中第一句(1) apply the attribution method that uses only each fund’s total portfolio returns over the last 12 months to identify return-generating components of the investment process可以判斷是return-based，可是第二句(2) include the impact of specific active investment decisions and the attribution effects of allocation and security selection in the report.這句顯然不是return base，為什么答案還是按照return based來(lái)解釋呢
所屬：CFA Level III > Trading, Performance Evaluation, and Manager Selection 視頻位置 相關(guān)試題
來(lái)源： 視頻位置 相關(guān)試題
1個(gè)回答
開(kāi)開(kāi)助教
2022-05-15 16:55
該回答已被題主采納
同學(xué)你好，第2點(diǎn)說(shuō)的return based也可以有。
如下圖，difference 一列可以看出各因子上的specific active investment decisions
attribution effects：就是下面factor tilt return（體現(xiàn)allocation）和 security selection帶來(lái)的active return。
【點(diǎn)贊】喲~。加油，祝你順利通過(guò)考試~
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