这题考点是哪个呢？

问题如下：

TIA is most likely applying its three-factor model in:

选项：

A.risk attribution. B.return attribution. C.portfolio construction.

解释：

A is incorrect. TIA’s model is not being use to analyze risk or return attribution of a portfolio.

B is incorrect. TIA’s model is not being use to analyze risk or return attribution of a portfolio.

C is correct. Portfolio construction is the most likely application of TIA’s three-factor model. TIA compares the expected return of a security with the expected return of its respective sector index. When constructing a portfolio, securities with expected returns higher than the benchmark would be included. The model is not being used to attribute the risk or return of a portfolio.