知识点

问题如下：

Leeter makes the following statements about quantitative strategies:

1 Manager experience and discretion in identifying new trends in the market are important components of any quantitative strategy.

2 Loss aversion bias is more prominent with quantitative strategies than with fundamental strategies.

3 Generally, quantitative methods rely on information coefficients between firm returns and model factors.

Which of Leeter’s statements concerning the quantitative approach to active management is most accurate?

选项：

A.

Statement 1

B.

Statement 2

C.

Statement 3

解释：

Leeter’s third statement is most accurate. Generally, quantitative methods use past data to identify systematic factors that can be overweighted or underweighted in a portfolio based on an information coefficient.

A is incorrect. Leeter’s first statement is not accurate. Manager discretion has a minimal role in quantitative approaches.

B is incorrect. Leeter’s second statement is not accurate. Loss aversion is more symptomatic of fundamental approaches rather than quantitative approaches.