标题: Reading 57: Market Efficiency-LOS a 习题精选 [打印本页]
作者: 1215 时间: 2011-3-29 16:29 标题: [2011]Session 13-Reading 57: Market Efficiency-LOS a 习题精选
Session 13: Market Organization, Market Indices, and Market Efficiency
Reading 57: Market Efficiency
LOS a: Discuss market efficiency and related concepts, including their importance to investment practitioners.
An efficient capital market:
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A) |
fully reflects all of the information currently available about a given security, excluding risk. | |
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B) |
does not fully reflect all of the information currently available about a given security, including risk. | |
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C) |
fully reflects all of the information currently available about a given security, including risk. | |
An efficient capital market fully reflects all of the information currently available about a given security, including risk.
作者: 1215 时间: 2011-3-29 16:29
The implication of efficient capital markets and a lack of superior analysts have led to the introduction of:
An index fund is designed to duplicate the composition of a specific index series or market segment. There is a strong argument suggesting that portfolio managers cannot beat the market after fees, therefore an index fund should be used to try to match the market.
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