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三级冲冲 · 2022年03月19日

题干也太长了,无法获取有效信息,可以全面讲解一下吗?

NO.PZ2019012201000056

问题如下:

Regulas Funds: Invests in a combination of global equity securities from 5–10 different countries. Portfolio weights are adjusted to take advantage of companies that appear to have the best near-term growth prospects.

Clickman asks Leeter how Regulas Funds determines its equity selections. Leeter says that Regulas uses monthly data from non-traditional, but measurable, sources to determine the influence of customer and government attitudes toward a firm and its products. Leeter also notes that Regulas compares its performance relative to an equity benchmark customized to its strategy and that the factors tend to be more volatile than traditional market factors. He also states that the fund does tend to suffer in performance when exchange rates are volatile.


Using Exhibit 1 and the equity selection process of Regulas Funds, the strategy will most likely benefit from:


选项:

A.

a portfolio overlay

B.

a new benchmark

C.

using annual rebalancing

解释:

Regulas Funds will benefit from a portfolio overlay of derivative securities to eliminate exchange rate risk.

B is incorrect. Regulas uses a custom benchmark that is already appropriate for its strategy.

C is incorrect. Annual rebalancing is too infrequent given the volatile nature of the factors used by Regulas.

谢谢

1 个答案
已采纳答案

伯恩_品职助教 · 2022年03月20日

嗨,努力学习的PZer你好:


看问题,题目中很明确是看表1和Regulas Funds,那就看这个fund的特点,分布在5-10个国家,第一反应就是每个国家的货币不一样,有可能收到货币升值贬值的影响,这是一个风险,如果a portfolio overlay来消除这个风险就能收益

----------------------------------------------
虽然现在很辛苦,但努力过的感觉真的很好,加油!

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