开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)｜3.2.5(安卓)APP下载

返回

caijing · 2024年05月21日

老师你好，c选项能解释下吗？

  1. CFA III
  2. Trading&Performance

NO.PZ2019093001000015

问题如下：

A manager has a mandate to be fully invested with a benchmark that is a blend of large-cap stocks and investment-grade bonds. Which of the following is not an indication that style drift has occurred? The manager:

选项：

A.

initiates an allocation to small-cap stocks.

B.

decreases investments in investment-grade corporate bonds.

C.

increases allocation to cash in anticipation of a market decline.

解释：

B is correct.

In the normal course of business, the manager conforms to its style by reducing exposure to some class of investment grade bonds. Increasing allocation to cash and small-cap stocks is in violation of the mandate to be fully invested with equity exposure to large-cap stocks.

老师你好，c选项能解释下吗？

添加评论
1 个答案
已采纳答案

吴昊_品职助教 · 2024年05月21日

嗨，从没放弃的小努力你好：


只要是偏离到现在投资领域范围之外，都算是style drift。

选项B只是减少了investment-grade corporate bond的投资，那就有可能增加了large-cap stocks的投资，这样一来就只是在现有投资领域内发生了权重的变化，并不能证明一定发生了style drift，故而选项B正确。

选项C不正确，主要是因为题干中有“fully invested”这个关键词。现在把所有的资产都投资于large-cap stocks and investment-grade bonds，并不持有现金。因此，选项C增加现金资产的配置就偏离了现有的投资领域范围，算作style drift。故而，选项C不正确。

----------------------------------------------
虽然现在很辛苦，但努力过的感觉真的很好，加油！

  • 1

    回答

  • 1

    关注

  • 224

    浏览
相关问题

NO.PZ2019093001000015 问题如下 A manager ha mante to fully investewith a benchmark this a blenof large-cstocks aninvestment-gra bon. Whiof the following is not incation thstyle ift hoccurre The manager: A.initiates allocation to small-cstocks. B.creases investments in investment-gra corporate bon. C.increases allocation to cash in anticipation of a market cline. B is correct. In the normcourse of business, the manager conforms to its style recing exposure to some class of investment gra bon. Increasing allocation to cash ansmall-cstocks is in violation of the mante to fully investewith equity exposure to large-cstocks. 老师，这道题考的是哪个知识点，感谢

2023-06-02 15:22 2 · 回答

NO.PZ2019093001000015 请问a为什么没有违背呢？

2021-02-18 20:09 1 · 回答

请问B为什么减少了investment bon投资不算风格发生变化了呢？

2020-09-11 11:55 1 · 回答

这道题的答案没有读懂。在市场波动的时候如果基金经理调整部分股票的仓位，例如部分股票已经涨得过高了，就变现一部分，这能说明是基金经理的投资风格改变了吗？

2020-02-15 17:31 2 · 回答