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- 2013-8-18
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Question on value of emerging market diversification
Within the curriculum several recurring tenets are presented
- investing in emerging markets is of value as a diversifying asset class but, oh wait
- not really - because when you really need the correlation increase exactly when you need the diversifying protections - but oh wait again!
- realize that this is a statistical anomolie of sorts and so dont be fooled by this it has its diversification benefits
Schweser dinged my on a response when a place to much weight on the latter premise and said that it is a useful diversifier – any one have a read on how CFA would interpret this? this or is this just one of those between the lines 6th sense interpretations that can only be made on exam day - and only be solved by the majesty of the CFA truth sayer! |
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发表于 2013-4-13 23:15
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