L3, reading 27 full replication到底成本是高还是低?
book 4, page260, 第17题和20题的答案是不是相反的啊,我越看越模糊17题答案说: Full replication is likely to have the highest investment cost
19题答案说: Full replication has self-rebalancing properties when used for float-weight index, which would translate into lower transaction fees.
这两个怎么理解?求教各位大牛 |