第二个里面的选股策略，选成长股不选价值股就说明是top down吧？
问题如下图：
选项：
A. 
B. 
C. 
解释：
maggie_品职助教 · 2020年01月13日
嗨，爱思考的PZer你好：
这道题其实排除法，FUND1是很明显的top down,表格中明确告知我们该基金从国家、大类资产类别、以及行业出发，所以首先排除A。FUND2的信息告诉我们选择股票是通过选择style factor来做决策。单光从选择因子上来我们并不能说它是自上而下还是自下而上，因为两种方法都可以是factor based。那咱们继续看FUND3，这里fund 3的描述就很明显是bottom up ,它基于个股自身特殊的情况来做预测。因此选C.
-------------------------------就算太阳没有迎着我们而来，我们正在朝着它而去，加油！
NO.PZ2019012201000063 问题如下 Whifunin Exhibit 1most likely follows a bottom-up approach? A.Fun1 B.Fun2 C.Fun3 Bottom-up managersevaluate the risk anreturn characteristiof invisecurities anbuilortfolios baseon stock-specific forecasts; Fun3 follows this exactapproach. Example views of bottom-up managers inclu expecting one autocompany to outperform another, expecting a pharmaceuticcompany to outperformauto company, anexpecting a technology company to outperform apharmaceuticcompany. Both bottom-up antop-wn managers ceither versifier concentratein terms of securities. 为什么fun2 不是bottom up。 题干不是也说这个fun针对每个个股么。
NO.PZ2019012201000063 问题如下 Whifunin Exhibit 1most likely follows a bottom-up approach? A.Fun1 B.Fun2 C.Fun3 Bottom-up managersevaluate the risk anreturn characteristiof invisecurities anbuilortfolios baseon stock-specific forecasts; Fun3 follows this exactapproach. Example views of bottom-up managers inclu expecting one autocompany to outperform another, expecting a pharmaceuticcompany to outperformauto company, anexpecting a technology company to outperform apharmaceuticcompany. Both bottom-up antop-wn managers ceither versifier concentratein terms of securities. 题干里给出了这个highly versifieportfolio.所以我果断的就把C排除了。老师，实际来说，是否是highly versifieportfolio不决定自上而下还是自下而上是吧，highly versifieportfolio.是决定系统还是人脑判断呗？
NO.PZ2019012201000063 问题如下 Whifunin Exhibit 1most likely follows a bottom-up approach? A.Fun1 B.Fun2 C.Fun3 Bottom-up managersevaluate the risk anreturn characteristiof invisecurities anbuilortfolios baseon stock-specific forecasts; Fun3 follows this exactapproach. Example views of bottom-up managers inclu expecting one autocompany to outperform another, expecting a pharmaceuticcompany to outperformauto company, anexpecting a technology company to outperform apharmaceuticcompany. Both bottom-up antop-wn managers ceither versifier concentratein terms of securities. 请问2为什么不对？还有fun描述里的最后一句话的意思是？
NO.PZ2019012201000063 问题如下 Whifunin Exhibit 1most likely follows a bottom-up approach? A.Fun1 B.Fun2 C.Fun3 Bottom-up managersevaluate the risk anreturn characteristiof invisecurities anbuilortfolios baseon stock-specific forecasts; Fun3 follows this exactapproach. Example views of bottom-up managers inclu expecting one autocompany to outperform another, expecting a pharmaceuticcompany to outperformauto company, anexpecting a technology company to outperform apharmaceuticcompany. Both bottom-up antop-wn managers ceither versifier concentratein terms of securities. 三个都帮忙解读一下，谢谢
NO.PZ2019012201000063问题如下 Whifunin Exhibit 1most likely follows a bottom-up approach? A.Fun1B.Fun2C.Fun3 Bottom-up managersevaluate the risk anreturn characteristiof invisecurities anbuilortfolios baseon stock-specific forecasts; Fun3 follows this exactapproach. Example views of bottom-up managers inclu expecting one autocompany to outperform another, expecting a pharmaceuticcompany to outperformauto company, anexpecting a technology company to outperform apharmaceuticcompany. Both bottom-up antop-wn managers ceither versifier concentratein terms of securities. 它不是也关注个股的成长性嘛？