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标题: Reading 31: Equity Portfolio Management－LOS r [打印本页]

作者: tycoon 时间: 2008-9-16 10:49 标题: [2008] Session 10－Reading 31: Equity Portfolio Management－LOS r

CFA Institute Area 8-11, 13: Asset Valuation
Session 10: Equity Portfolio Management
Reading 31: Equity Portfolio Management
LOS r: Explain the core-satellite approach to portfolio construction and discuss the advantages and disadvantages of adding a completeness fund to control overall risk exposures.

作者: tycoon 时间: 2008-9-16 10:51

Which of the following is least accurate regarding the completeness fund approach?

A) It must be rebalanced regularly.
B)
It will increase the misfit return.
C) Combining a completeness fund with an active fund will result in risk exposure similar to the benchmark.
D) It can be managed passively or semiactively.

Answer and Explanation

A potential disadvantage of a completeness fund is that it may result in a reduction of active returns arising from misfit risk.

[此贴子已经被作者于2008-9-18 17:28:57编辑过]

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