C选项

NO.PZ202207040100000402 问题如下 In regarto Shaw’s comments about FunA anFunthe one this most accurate concerns: A.FunA’s fees. B.FunA’s spersion. C.FunB’s sector bets. SolutionB is correct. Shaw’s comment about FunA’s spersion is correct. With a higher active risk (tracking error), FunA ha greater likelihooof having results spersemore broay (both positive annegative) arounbenchmark results thFunB has. Investors are more likely to willing to phigher fees for higher Active Share incator of greater active management, but Active Share is inticfor FunA anFunSector bets are likely to affeactive risk; therefore, FunA is more likely to using sector bets, not FunB.A is incorrect. Investors are more likely to willing to phigher fees for higher Active Share incator of greater active management, but Active Share is inticfor FunA anFunC is incorrect. Sector bets are likely to affeactive risk; therefore, it is FunA this more likely to using sector bets, not Fun bottom up systematic approach的话，funhhigh spersion的话，那应该就是low active risk，不好吗？能不能讲讲这题要怎么理解

NO.PZ202207040100000402 问题如下 In regarto Shaw’s comments about FunA anFunthe one this most accurate concerns: A.FunA’s fees. B.FunA’s spersion. C.FunB’s sector bets. SolutionB is correct. Shaw’s comment about FunA’s spersion is correct. With a higher active risk (tracking error), FunA ha greater likelihooof having results spersemore broay (both positive annegative) arounbenchmark results thFunB has. Investors are more likely to willing to phigher fees for higher Active Share incator of greater active management, but Active Share is inticfor FunA anFunSector bets are likely to affeactive risk; therefore, FunA is more likely to using sector bets, not FunB.A is incorrect. Investors are more likely to willing to phigher fees for higher Active Share incator of greater active management, but Active Share is inticfor FunA anFunC is incorrect. Sector bets are likely to affeactive risk; therefore, it is FunA this more likely to using sector bets, not Fun 看了这道题其他的提问里面的里说的是factor bet。而题干里说的是sector bet, 这俩有什么区别？sector bet 我理解是对行业进行bet而不是在因子之间切换？这样理解对不对如果active share一样的情况下active risk高的相对于benchmark的versification就更高，return也就有更高的spersion？

NO.PZ202207040100000402 问题如下 In regarto Shaw’s comments about FunA anFunthe one this most accurate concerns: A.FunA’s fees. B.FunA’s spersion. C.FunB’s sector bets. SolutionB is correct. Shaw’s comment about FunA’s spersion is correct. With a higher active risk (tracking error), FunA ha greater likelihooof having results spersemore broay (both positive annegative) arounbenchmark results thFunB has. Investors are more likely to willing to phigher fees for higher Active Share incator of greater active management, but Active Share is inticfor FunA anFunSector bets are likely to affeactive risk; therefore, FunA is more likely to using sector bets, not FunB.A is incorrect. Investors are more likely to willing to phigher fees for higher Active Share incator of greater active management, but Active Share is inticfor FunA anFunC is incorrect. Sector bets are likely to affeactive risk; therefore, it is FunA this more likely to using sector bets, not Fun FunA is more likely to using sector bets，因为active risk 大；因为 fun 与 fun的 active share 一样，所以费用应该一样，投资者只愿意为 高的 active share 支付 费用；不理解的是 A的风险高，为啥 A的spersion反而大? spersion 是否 可以是 versification？

NO.PZ202207040100000402问题如下 In regarto Shaw’s comments about FunA anFunthe one this most accurate concerns:A.FunA’s fees.B.FunA’s spersion.C.FunB’s sector bets.SolutionB is correct. Shaw’s comment about FunA’s spersion is correct. With a higher active risk (tracking error), FunA ha greater likelihooof having results spersemore broay (both positive annegative) arounbenchmark results thFunB has. Investors are more likely to willing to phigher fees for higher Active Share incator of greater active management, but Active Share is inticfor FunA anFunSector bets are likely to affeactive risk; therefore, FunA is more likely to using sector bets, not FunB.A is incorrect. Investors are more likely to willing to phigher fees for higher Active Share incator of greater active management, but Active Share is inticfor FunA anFunC is incorrect. Sector bets are likely to affeactive risk; therefore, it is FunA this more likely to using sector bets, not FunA，为什么fee高低只看active share？