这道题如果题干的IC、TC调换一下是对的吗？

问题如下：

An analyst makes two conclusions about full fundamental law of active management:

Conclusion one: The information coefficient describes how the realized returns correlate with the active weights.

Conclusion two: The transfer coefficient describes how the realized returns correlate with the forecasted active return.

Which of the following statement is correct?

选项：

Conclusion one is correct.

Conclusion two correct.

Neither conclusion is correct.

解释：

C is correct.

考点：考察full fundamental law 里面每一个变量的含义。

解析：IC是衡量基金经理讲话的靠谱程度，也就是他预测的和他真正能实现的之间的关系

TC是衡量基金经理能实现的程度，也就是他是否收到仓位的限制，比如是否能做空，是否可以举杠杆，是否可以用衍生品管理风险等等。