NO.PZ2023040301000100
问题如下:
Which of the following is least likely to explain the January effect anomaly?
选项:
A.Tax-loss selling
Release of new information in January
Window dressing of portfolio holdings
解释:
The excess returns in January are not attributed to any new information or news;
Tax-loss selling——investors sell losing positions in December to realize losses for tax purposes and then repurchase stocks in January, pushing their prices up
Window dressing—— portfolio managers sell risky stocks in December to remove them from their year-end statements and repurchases them in January
C是什么意思呢