The mandate of Pool 2 also consists of two primary goals: A goal that the overall stock portfolio should consist of mature companies that have stable net incomes and high dividend yields A goal of expressing strong views on many major corporate issues through proxy voting Q. Which of the following index methodologies is most appropriate to use as a benchmark for the overall stock portfolio described in Pool 2? A. Factor based B. Capitalization weighted C. Fundamentally weighted 請問為什麼答案是Ａ而不是Ｃ？ mature companies that have stable net incomes and high dividend yields 不是 fundamental factors 嗎？

老师您好，请问像机构2013Q7这类融合ALM、AO思想的题，是不是今年已经不在机构IPS的考纲里啦？真实考试中，是每个题对应一个章节知识点嘛，还是也会有多个章节揉在同一case里的情况呢？谢谢老师

The mandate of Pool 2 also consists of two primary goals: A goal that the overall stock portfolio should consist of mature companies that have stable net incomes and high dividend yields A goal of expressing strong views on many major corporate issues through proxy voting Gentry interviews a potential investment manager, who explains that his expertise lies in being able to enhance return or reduce cost using three techniques: 1. Dividend capture 2. Security lending 3. Covered-call writing Q. Of the three techniques mentioned by the potential investment manager, which is most likely to interfere with Pool 2’s goal associated with corporate governance issues? A. Technique 1 B. Technique 2 C. Technique 3 請問為什麼答案是Ｂ

老师好，机构ips 2014 Q6-B，这种题在历年出现过很多次，但答案的写法略有区别，请问（1）什么情况可以如本题一样直接写事实（如时间期限短），什么情况要写事实＋解释（如时间期限短，因此难以从短期损失中recover）；（2）在这种先circle后列原因的题，何时需要先复述circle的内容（如本题），何时可以直接写原因（如2014Q5-B）。谢谢老师

老师，第一题记得老师上课说rewarded factor weighting是对风险因子权重把握带来的超额收益，对于风险因子的择时把握，alpha是选股带来的超额收益。这里我选了factor

老师，这里为什么要在收购宣布后，也就是股价反应了之后去short A和long B?为什么不是在之前？这时候A的价格已经跌下来了，B已经涨了。不太明白

老师您好，请问视频跳过的题目是考纲改变不用掌握的内容吗？

老师您好，available bias，confirmation bias，representative bias 三者非常接近，老师能否再辨析一下，谢谢。

老师好，课后题。对这个题目的后半部分2年BB债券和5年BB债券的部分不明白，美国的利率下降，期限价差5年的比2年的从90收窄到50，在利率下降的情况下收窄，不表示了降息么，降息代表了经济向下，BB级别的债券相当于垃圾级，为了安全起见，不是应该买多些短期的吗？——5年期的债券价格上升当然大于2年期的，但是不安全啊。

老师您好，能提供一个2017年第二题的参考写法嘛？答案像是车轱辘话来回说，get不到重点。。谢谢老师