NO.PZ2015121801000123
问题如下：
Which of the following is best characterized as a relative risk objective?
选项：
A.Value at risk for the fund will not exceed US$3 million.
B.The fund will not underperform the DAX by more than 250 basis points.
C.The fund will not lose more than €2.5 million in the coming 12-month period.
解释：
B is correct.
The reference to the DAX marks this response as a relative risk objective. Value at risk establishes a minimum value of loss expected during a specified time period at a given level of probability. A statement of maximum allowed absolute loss (€2.5 million) is an absolute risk objective.
如题。。。。。。。。。。。。。
