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jerryhuqian · 2025年01月26日

请教一下A选项为什么不对?

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NO.PZ202201050100001301

问题如下:

The core-plus fixed-income composite includes a portfolio managed on behalf of the Bida Academy endowment fund. The trustees of Bida inform Bamako in writing that because of a change in investment policy, the endowment fund is no longer permitted to hold below-investment- grade securities. Bamako determines that henceforth, the Bida portfolio should be included in the core fixed-income composite rather than the core-plus fixed-income composite. The historical record of the portfolio must be:

选项:

A.

included in both composites.

B.

kept in the core-plus fixed-income composite.

C.

excluded from the core-plus fixed-income composite.

解释:

B is correct.

The portfolio’s historical performance must remain with the original composite. Portfolios must not be switched from one composite to another unless either documented changes to a portfolio’s investment mandate, objective, or strategy or the redefinition of the composite make it appropriate.

投资组合的历史表现必须与原始composite保持一致。 投资组合不得从一种composite转换为另一种composite,除非对组合的投资授权、目标或策略进行了记录在案的更改,或者composite的重新定义使其适当。

请教一下A选项为什么不对?

1 个答案

伯恩_品职助教 · 2025年01月26日

嗨,从没放弃的小努力你好:


历史业绩只能保存在原来composite里,记住一点就是历史业绩不变。否则有操作业绩的嫌疑,如果两个都能保留,那么假设这个portfolio业绩好,所有的composite都和这个portfolio擦边,都放进去,所有的composite都能沾光。这是不公平不合理的

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