[求助]L3 Bond indexing factors

ximenxiao

我有一个关于bond indexing的问题：

 

一共5种indexing  从pure bond indexing 到full blown

 

到底从哪种开始 return 可以高过index？

 

notes 上在介绍第三种，enhanced indexing by small risk mismatching的时候，说：this is the first level of indexing that is designed to earn about the same return as the index(notes, book3 page12).

 

那也就是说前面2种，pure bond indexing and enhanced indexing by matching major risk factors的return 都不能超过index咯？

 

但是在mock exam volume 1 Exam3 Afternoon Session的14.1题，又说enhanced indexing by matching major risk can earn an excess return.

 

到底哪个是对的呢？

brightcool

passive enhanced index try to get excess return to cover the management costs
active method is to outperform the benchmark
except pure index, others can above index return

carissa24

enhanced indexing by matching major risk factors的return 是可以超过pure Index的