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CFA问答
CFA问答包含CFA在线课程、CFA通关课程、CFA试题等所有CFA相关问题,每个问题老师均会在24小时内给出答疑回复哦!
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问题的表格信息如图 Q. The performance attribution in Exhibit 1 most likely shows that: A. Fund 1 added value through asset allocation, and Fund 2 added value through security selection. B. Fund 1 added value through security selection and asset allocation. C. Fund 2 underperformed through asset allocation. 老师请解释下这个C为什么错? 他是什么意思呢 C is incorrect because although Balanced Fund 1 did add value through security selection, Balanced Fund 2 underperformed both the equity and bond benchmarks. 谢谢
接着上一个问题 解释是: Solution A is correct. Morgan’s recommendations to implement a trade that steepens the yield curve in the midst of the recession is consistent with the economic cycle. The yield curve typically steepens when the economy is in recession. But given that value stocks are likely to outperform growth stocks and that small-cap stocks are likely to outperform large-cap stocks in the immediate aftermath of a recession, Morgan’s recommendation regarding growth equities is less likely to succeed. C is incorrect because large cap stocks tend to outperform going into and during a recession, but small cap stocks tend to outperform coming out of a recession. B is incorrect because yield curves tend to steepen during a recession, so the recommendation to implement a yield curve steepening trade now is consistent with the economic cycle. 请老师解释下A正确的那一段话, 看不太懂... 谢谢!
已解决题目有段描述: "Some of Morgan’s work involves making investment recommendations based on his economic forecasts. Pinnacle’s global economic model has signaled that Italy’s economy, which is currently in a recession, will show signs of improvement in the coming months. He is considering the following recommendations for investors in the Italian markets: Implement a trade that will steepen the yield curve now and prepare to rotate from small-cap stocks into large-cap stocks and from value stocks into growth stocks over the next several months." 题目是: Q. Morgan’s investment recommendations are most likely appropriate regarding: A. the recommended yield curve trade. B. growth versus value stocks. C. large-cap versus small-cap stocks. 字数超过了, 老师请看下一个问题
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