[CFA level 1模拟真题]Version 5 Questions－Q58 expected, class, face, experience, decrease

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Q58. All else equal, as the correlation of returns among a set of securities decrease, will a portfolio composed of those securities most likely experience an increase in expected:

Return?           Risk?

A.  NO               NO

B.  NO               YES

C.  YES              NO

D.  YES              YES

 

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答案详解如下：

Q58.  A;    Study Session 1.2-53.f

Holding other factors constants, the lower the correlation of returns the diversification benefit. The standards deviation (risk) of the portfolio will decrease as correlations decrease; the expected return remains the same.

水模样

a

shejin1

B

nokia6510

no[em01]

47dx

a

nijiu

1

nijiu

A

vivian1022

a

jaky

a