问题如下:
Chen’s preferred portfolio management approach would be best described as:
选项:
A.top down.
B.systematic.
C.discretionary.
解释:
C is correct. Chen prefers an approach that emphasizes security specific factors, does not engages in factor timing, and runs a concentrated portfolio. These characteristics all reflect a discretionary bottom-up portfolio management approach.
勘误之后应该是no factor timing吧