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咖啡巧克力 · 2024年09月08日

purpose

NO.PZ2018070201000133

问题如下:

What is the main purpose of tactical asset allocation strategy:

选项:

A.

trying to take the advantage of the arbitrage possibility among the asset classes.

B.

deviating from the policy portfolio deliberately.

C.

selecting asset classes with the desired exposures to systematic risk of the portfolio.

解释:

B is correct.

An investor uses tactical asset allocation to make actual asset allocation deviating from the strategic asset allocation of the policy portfolio which is described in the IPS. Tactical asset allocation can be used to take advantage of temporary dislocations from the market conditions and assumptions which drove the policy portfolio decision.

偏离既定投资配置策略是Tactical assets allocation 的目标?难道不是结果么?

1 个答案

Kiko_品职助教 · 2024年09月09日

嗨,努力学习的PZer你好:


这道题考察的点就是TAA的定义。而不需要纠结目的还是结果什么的。AC都有明显的错误。排除法也可以选出来。

TAA的定义就是短期看好某一个资产大类的话,可以偏离之前Strategic asset allocation(SAA)定下来的资产大类的分配方式。A,C都有明显错误,TAA的目的不是去抓套利机会的,也不是处理系统性风险的。

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努力的时光都是限量版,加油!

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