NO.PZ2019012201000063
问题如下:
Which fund in Exhibit 1
most likely follows a bottom-up approach?
选项:
A.Fund 1
Fund 2
Fund 3
解释:
Bottom-up managers
evaluate the risk and return characteristics of individual securities and build
portfolios based on stock-specific forecasts; Fund 3 follows this exact
approach. Example views of bottom-up managers include expecting one auto
company to outperform another, expecting a pharmaceutical company to outperform
an auto company, and expecting a technology company to outperform a
pharmaceutical company. Both bottom-up and top-down managers can be either diversified
or concentrated in terms of securities.
看了解答还是理解
B好想写individual sec不就是个股了吗