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Asset Allocation Question #17 - CFAI Vol 3, pg 335
Question is too long to post, but can someone explain how Portfolio C is the answer, considering it has the LOWEST Sharpe and LOWEST expected return of the three choices.
I thought the key sentences such as “plan can pursue an aggressive investment courses and focus on the higher return potential of capital growth,” and “young work force” point to higher expected return and satisfying high Sharpe- Portfolio ‘B’
The only part of the answer that seems to make sense is having “2%” reserve/ market fund, because the fund should invest as much of the asset as possible with long-term horizon. |
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发表于 2013-4-12 21:51
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