Which of the following statements does NOT describe the role of a portfolio manager in perfectly efficient markets Portfolio managers should:（）
A: construct diversified portfolios that include international securities to eliminate unsystematic risk.
B: quantify client’s risk tolerance, communicate portfolio policies and strategies, and maintain a strict buy and hold policy avoiding any changes in the portfolio to minimize transaction costs.
C: help clients minimize taxes and reduce trading turnover.
A: construct diversified portfolios that include international securities to eliminate unsystematic risk.
B: quantify client’s risk tolerance, communicate portfolio policies and strategies, and maintain a strict buy and hold policy avoiding any changes in the portfolio to minimize transaction costs.
C: help clients minimize taxes and reduce trading turnover.
B
举一反三
- Which of the following statements about the market portfolio and the capital market line (CML) is least accurate The market portfolio:（） A: assumes an equal amount is invested in each risky asset. B: is perfectly positively correlated with other portfolios on the CML. C: allows the elimination of all unsystematic risk at every point along the CML.
- Which of the following risks can be diversified through portfolio investment? _____. A: Interest rate risk B: Inflation risk C: Market risk D: Default risk
- Portfolio is a effective approach to reduce investment risk
- If the daily, 90% confidence level, VaR of a portfolio is estimated to be $4,000, the risk manager would expect that in one out of:（ ） A: 10 days, the portfolio value will decline by $4,000 or less B: 90 days, the portfolio value will decline by $4,000 or less C: 10 days, the portfolio value will decline by $4,000 or more
- Risks that can be avoided through the portfolio include ( ) . A: Corporate credit risk B: Market price risk C: Corporate control of people's moral hazard D: Market liquidity risk as a whole E: Risk of contagion from external crises F: Risk of monetary policy adjustment
内容
- 0
From questions 6 and 7, which portfolio has better risk-reward? A: Passive portfolio B: Active portfolio
- 1
What is slope of passive portfolio return and risk line if you draw risk on x-axis and return on y-axis?<br/>______
- 2
We will actively manage your portfolio to __________the return on your investment. A: Maximum B: minimum C: maximize D: minimize
- 3
Individual's<br/>risk aversion degree decides specific allocation between a risky<br/>portfolio and a risk-free asset. ( )
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Suppose that the risk-free rate is 5%, risky asset weight (the y) is 50% and market risk premium on risky asset is 5%, what is the expected portfolio return of our portfolio? Write in percentages with the % symbol.______