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必过1030_ · 2020年01月27日

问一道题:NO.PZ201809170400000401

* 问题详情,请 查看题干

问题如下:

Which fund manager’s investing approach is most consistent with fundamental management?

选项:

A.

Furlings

B.

Asgard

C.

Tokra

解释:

A is correct. Furlings combines a top-down and bottom-up approach, but in both cases, the allocation process is significantly determined according to the managers’ discretion and judgement. There is a strong emphasis on understanding financial reporting, and the sector managers focus on a relatively small number for firms. They also extend their analysis to other areas associated with fundamental management, such as valuation, competitive advantages, and governance. Finally, Furlings’s top-down process depends largely on the views and experience of its head manager.

B is incorrect. Asgard has many of the attributes associated with a fundamental manager. It invests in a relatively small number of securities and focuses on the companies’ business model, valuations, and future growth prospects. Because of the scope of the securities coverage by each manager, however, Asgard depends heavily on technology and tools to support screening and ranking of securities attractiveness. Each manager can use his judgement to build his own quantitative models. Furthermore, the allocation process, although overlaid by a management team, also depends heavily on technology. Asgard has characteristics of both fundamental and quantitative managers.

C is incorrect. Tokra exhibits the characteristics of a quantitative manager. The firm uses quantitative metrics to rank securities based on valuation, profitability, and momentum criteria and uses portfolio optimization to determine the final allocation. Tokra holds many positions typical of quantitative approaches.

这道题什么意思啊?

1 个答案

maggie_品职助教 · 2020年02月04日

1、这道题的意思是问:哪个基金经理的策略是基于基本面fundamental approach。

2、咱们课后题讲解已上线啦,如果不会做的题目可以先去学习一下。

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