maggie_品职助教 · 2018年06月12日
1、Pure indexing strategy的return是到asset category.Benchmark体现的是投资者的投资风格，反映了基金经理主动的投资决策。
2、原版书定义Allocation Effects就是一个调平项： the Allocation Effects incremental contribution is areconciling factor—by definition, it is the difference between the Fund’s ending value and the value calculated at the Investment Managers level.
加油。
