49.
Compared to investment in a single hedge fund, investment in a fund of funds will most likely result in a decrease in:
Select exactly 1 answers from the following:
A. diversification.
B. expected return.
C. management fees.
D. selection and survivorship bias.
答案和详解如下！
Feedback: Correct answer: B
揂lternative Investments,?Ch. 8, International Investments, 5th edition, Bruno Solnik and Dennis McLeavey (Addison Wesley, 2004), pp. 415 2006 Modular Level I, Vol. IV, pp. 658-659 Study Session 17-75-q discuss the benefits and drawbacks to fund of funds investing
Compared to investing in a single hedge fund, the increased diversification resulting from an investment in a fund of funds reduces risk but also reduces expected return.
[此贴子已经被作者于2006-11-21 12:26:22编辑过] | 
发表于 2006-11-21 12:26
| 
