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2023-08-12 17:06老師，您好，有多少種overlay，除了外匯overlay其它都是啥意思，謝謝啦/題干Regulas Funds Invests in a combination of global equity securities from 5–10 different countries. Portfolio weights are adjusted to take advantage of companies that appear to have the best near-term growth prospects.問題：Using Exhibit 1 and the equity selection process of Regulas Funds, the strategy will most likely benefit from: a portfolio overlay. a new benchmark. using annual rebalancing.
所屬：CFA Level III > Equity Portfolio Management 視頻位置 相關(guān)試題
來源： 視頻位置 相關(guān)試題
1個回答
開開助教
2023-08-13 11:04
該回答已被題主采納
同學你好，
權(quán)益中的overlay有：
1、Completion overlay: 當股票組合出現(xiàn)了敞口的偏離(diverged from its proper exposure)時，使用衍生品調(diào)節(jié)風險敞口回到原有的水平
2、Rebalancing overlay: 使用衍生品調(diào)節(jié)股票組合中成份股的權(quán)重
3、Currency overlay: 如果股票組合中存在外幣資產(chǎn)，可使用衍生品對沖匯率風險
不過本題提到了fund does tend to suffer in performance when exchange rates are volatile，因此的這個portfolio overlay應(yīng)該就是currency overlay，用來對沖外匯風險的。
如果答疑對你有幫助，【請采納】喲~。加油，祝你順利通過考試~
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