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陈Shelly · 2020年09月28日

问一道题:NO.PZ2019103001000087

问题如下:

Wang is a junior credit strategist. He is discussing the top-down approach and bottom-up approach with his supervisor.

Wang made the following statements:

Statement 1: A top-down approach to sector allocation is largely based on a portfolio manager’s macro views

Statement 2: The key aspect of the bottom-up approach to credit strategy is assessing the relative value of individual bonds or issuers.

Statement 3: In the top-down approach, the investor generally has conducted extensive research on companies within the industries.

According to the information above, which of the following is correct?

选项:

A.

Statement 1 and Statement 3 are correct

B.

Statement 1 is correct; Statement 2 is correct

C.

Statement 2 and statement 3 are wrong

解释:

答案:B is correct.

考点:Top-down和Bottom-up方法的比较

解析:Statement 1和Statement 2正确,为原版书给定结论。Statement 3错误,Statement 3描述的情况属于Bottom-up的情况。

statement 2 relative value 不是top down 方法吗


1 个答案

WallE_品职答疑助手 · 2020年09月28日

 relative value of individual bonds or issuers

后面是重点,单独研究一个债券,或者债券发行人,股票,公司都是bottom up