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Lucrecia1004 · 2020年02月24日

问一道题:NO.PZ2019012201000011

问题如下:

The newly-founded equity fund TMT is in the process of selecting the benchmark. The fund focuses on stock allocation on highly liquid, well-known companies. In addition, the fund manager specifies that any stock purchased should have a high dividend yield, a low P/E, and a low price-to-book ratio (P/B). To satisfy benchmark and security selection requirements, the equity index benchmark should be a:

选项:

A.

mid-capitalization with a growth tilt.

B.

large-capitalization with a value tilt.

C.

small-capitalization with a core tilt.

解释:

B is correct.

考点:Indexes as a Basis for Investment

解析:TMT基金要求指数中包括流动性好的知名公司,而大盘股指数往往包含了市值最大公司的股票,这些股票往往具很高的流动性。价值型股票往往表现为高股息率、低市盈率和低市净率,因此选项B满足基金公司和基金经理对benchmark的要求。

C选项是什么意思呢?

1 个答案

maggie_品职助教 · 2020年02月25日

嗨,努力学习的PZer你好:


tilt就是倾斜的意思,core是介于value和growth之间的一种风格,又叫blend。合起来就是倾向于core的一种风格。C选项描述的是小盘股且倾向于core的一种风格。


-------------------------------
虽然现在很辛苦,但努力过的感觉真的很好,加油!


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