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LOS k: Interpret the results of an equity style box analysis and discuss the consequences of style drift.
Q1. Which of the following is least accurate regarding equity style drift?
A) A manager shifting from utility stocks to health care stocks is exhibiting style drift.
B) A manager shifting from high earnings volatility stocks to high P/E stocks is not exhibiting style drift.
C) A manager shifting from technology stocks to health care stocks is not exhibiting style drift.
Q2. Which of the following is most accurate regarding an equity style portfolio manager who has moved from financial stocks to technology stocks over time? The manager’s style is:
A) stagnant and this is not a problem for the investor.
B) drifting and this is a problem for the investor.
C) drifting and this is not a problem for the investor.
Q3. If two analysts are classifying a portfolio by style using a style box which of the following statements is most accurate? The characterization of the fund’s size will likely be:
A) different for each analyst and the characterization of the fund’s style will likely be different for each analyst.
B) the same for each analyst and the characterization of the fund’s style will likely be different for each analyst.
C) the same for each analyst and the characterization of the fund’s style will likely be the same for each analyst. | 
发表于 2009-3-6 17:51
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