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圣灵霜子 · 2020年08月23日

问一道题:NO.PZ2019093001000014 [ CFA III ]

问题如下:

Which of the following statements is consistent with the manager adhering to a stated investment philosophy and investment decision-making process?

选项:

A.

Senior investment team members have left to form their own firm.

B.

A senior employee has been cited by the SEC for violating insider trading regulations.

C.

A large drawdown occurs because of an unforeseen political event in a foreign country.

解释:

C is correct.

A large drawdown that results from an unforeseen event is explainable as a single isolated event that does not prohibit the manager from adhering to its investment philosophy and process. The events of senior team members leaving to form their own investment firm and an insider trading investigation by the SEC call into question the ability of the firm to adhere to its philosophy and decision-making process.

三个选项好像都和philosophy没有关系?
1 个答案
已采纳答案

吴昊_品职助教 · 2020年08月23日

同学你好:

这道题问的是哪一个投资决策和声称的投资哲学是一致的。三个选项都是公司面临的问题,C选项是由于不可预见的外部原因导致的,并不能证明基金经理违反了投资逻辑,不是因为公司的投资决策和自己事先陈述的的投资逻辑不一致所导致的,所以选项C正确。而A和B都是公司内部出现的问题,本可以避免的问题,说明违反了投资哲学。这道题是原版书课后题,不妨可以听一下李老师对于这道题的解释,题目本身的知识点不是很重要,了解一下即可。