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占个座儿 · 2020年03月24日

问一道题:NO.PZ201812020100000403 第3小题 [ CFA III ]

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问题如下:

Relative to Approach 1 of gaining passive exposure, an advantage of Approach 2 is that it:

选项:

A.

minimizes tracking error.

B.

requires less risk analysis.

C.

is more appropriate for socially responsible investors.

解释:

C is correct.

Enhanced indexing is especially useful for investors who consider environmental, social or other factors when selecting a fixed-income portfolio. Environmental, social, and corporate governance (ESG) investing, also called socially responsible investing, refers to the explicit inclusion or exclusion of some sectors, which is more appropriate for an enhanced index strategy relative to a full index replication strategy. In particular, approach 2 may be customized to reflect client preferences.

请问b为什么不对,谢谢

1 个答案
已采纳答案

WallE_品职答疑助手 · 2020年03月25日

同学你好,

因为full replication的话,你直接复制一个index就好了,都不需要管他的风险,复制就完事了。相反的,你的公司选的越少,那么你调查的就需要越详尽,包括分析风险。

就好比你在一堆股票里面你要挑一个最好的,需要做的功课比直接把这一堆股票都买了的功课要花的多。