NO.PZ2023010903000014
问题如下:
For the large-cap US equity portion of Sapphire’s investment portfolio, Cullen believes that there are some existing passive indexed-based funds that track the S&P 500 Index that the foundation should consider. Cullen presents Exhibit 2 to Sapphire’s board.
as an indexing technique, the number of holdings in Manager B’s index least likely illustrates:
选项:
A.
reconstituting
B.
packeting
C.
buffering
解释:
Reconstitution involves deleting names that are no longer in the index and adding names that have been approved as new index members. Therefore the holdings of the fund should always be 500.
为什么buffering的股票数可以少于benchmark? 大于的情况好理解,比如股票跌出,benchmark的最低要求,但要留在index里观察一段时间,看看跌出是否偶然现象再踢出,这个就股票数大于benchmark股票数500的情况,但小于是怎样的场景? ,对buffering