roychan

QUOTE:

以下是引用njuknight在2010-6-8 21:50:00的发言：

我选的是A农产品

我記得sample/mock有提及過
應該是农产品
重點不在於能不能儲存
而是农产品不能長期儲存

而且有生產周期

[此贴子已经被作者于2010-6-8 23:07:27编辑过]

sankwok

QUOTE:

以下是引用hitman1986在2010-6-7 1:58:00的发言：

我记得有个是把三个月的收益annualized了，是广告那题把，violation

yes, i think so !

sankwok

QUOTE:

以下是引用buzz在2010-6-7 8:02:00的发言：
下午中国考，有一道问passively跟一个index，600个非常liquid的股票，要low tax cost 问选择一下哪种方式最不合适？ full replication, optimization, stratified modeling?

it looks like stratified modeling has the most tracking risk - > frequest rebalacing is required - > high cost ...that why not a effective one

sankwok

QUOTE:

以下是引用bigboylht在2010-6-7 8:51:00的发言：

问题怎么问的？问的是要披露，还是本身soft dollar的使用违反了准则？

nono...whatever use of softdollar -> consultant MUST disclosure all softdollar arrrangement to client

sankwok

QUOTE:

以下是引用mumue在2010-6-7 11:56:00的发言：
 corner portfolio你们都是用相邻的嘛
我选的是两个sharp ratio比较高的，一个收益率大于目标，一个小于
难道我又杯具了…………………………

another name of corner portfolio is adjacent portfolio ...so should be the adjacent returns of the target one .....

sankwok

QUOTE:

以下是引用tommyyxh在2010-6-7 15:04:00的发言：

我是澳洲考的，8181好像

 

我当时理解是这个composite 里面有REIT， shopping mall, private debt， 题杆说这个manager吧REIT 踢出去了，我当时理解是，题目问，你认为应该这3个里面哪个不符合。。。

那么我一看。。。显然shopping mall和另外2个不是一类的。。。就选shopping mall了。。。。。我可能错了 想歪了。。。

 

我想的就是shopping mall 和那个private debt可定不能放一起， 选REIT，那么显然不对，因为留下那2个在一个composite里面肯定不对。。。。

 

 

[此贴子已经被作者于2010-6-7 15:04:43编辑过]

what i remember the question is not related to the asset classese because the composite has already been included for mixed assets ...but the sure thing is cant to be craved out ....isn't it ? 

sankwok

QUOTE:

以下是引用tommyyxh在2010-6-7 19:52:00的发言：

你最好在去好好读读这个内容。。。

myopic 是关注短期收益，但是不是说有利润就卖掉。。。

 

而是说，他们根据短期收益表现去allocate asset，所以题目中，他说 bond短期收益闭equity稳定，所以他们投资equity很少。。。。

agree ...myopic loss aversion is focus on short-term instead of long term required returns ...

e.g. a young investor may pick bond as their top investment due to the safety nature -> the investor focus on the short-term safty but ignore their need to invest in equities which have more upside potential to meet their future expense ....quite confident with this Q

[此贴子已经被作者于2010-6-8 23:26:52编辑过]

sankwok

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以下是引用jinnix在2010-6-8 4:43:00的发言：

CFA pending is a violation because it is used as a noun.

yes, 100% sure

sankwok

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以下是引用pickle005在2010-6-8 17:47:00的发言：

这道题有很大的争议，analystforum上也没有个定论。

我个人觉得是应该全部投赞成。作为一个discretionary account的manager，决定权在manager手里，只需考虑这个交易对股东是否有好处，从而做出一个singular的决定，而不是因人而异。CEO的想法，我觉的是个“陷阱”，CEO也只是一个client，那是不是说manager要征求每个client shareholder的意见呢？谁说了每个client就都支持合并呢？显然不可能的。分开投票背后的假设是（CEO--》遵照他个人的小算盘投，其他客户--》基金就代为决定），不符合逻辑。所以选择全部投赞成票。

this question is related to private wealth or asset management ?as i am quite sure if it is from private banking, consultants are required to vote the proxies for each client subjected to their best interest. therefore, a consultant can vote some "agree" proxies and some "disagree" proxies .

this act is the most ethical and matched the spirit of ethics code or GPIS

[此贴子已经被作者于2010-6-8 23:41:38编辑过]

sankwok

QUOTE:

以下是引用njuknight在2010-6-8 21:50:00的发言：

我选的是A农产品

A good hedge of inflation must be storable ! Gas and oil and gold are storable ..people will buy to hedge .....