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"Alternative Investments":homogeneity

来源: 正保会计网校 编辑:小鞠橘桔2020/12/15 09:39:01 字体:

学习是一个不断积累的过程,每天学习一点,每天进步一点!为了帮助大家更高效地备考2021年CFA考试,正保会计网校每日为大家上新CFA习题供大家练习。让网校与您一起高效备考2021年CFA考试,梦想成真!

Questions 1:

Concentrated portfolio strategies are attractive because of their:

A、 potential to generate alpha.

B 、ability to track market indices.

C、 low risk.

Questions 2:

Compared with other investment asset classes, an investment in real estate is least likely to be characterized by:

A、 homogeneity.

B、 fixed location.

C 、basic indivisibility.

View answer resolution
【Answer to question 1】A

【analysis】

A is correct. Concentrated portfolio strategies focus on only a few securities, strategies, or managers. This focus reduces diversification but may enable investors to achieve alpha. B is incorrect. Portfolio concentration makes it harder to track market indexes. C is incorrect. Portfolio concentration increases risk.

【Answer to question 2】A

【analysis】

A is correct. Because no two properties are identical, homogeneity is not a feature of an investment in real estate. B is incorrect. A fixed location is an attribute of a real estate investment. C is incorrect. Basic indivisibility is a unique feature of real estate investing

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