CFA二級(jí)Portflio Mangement科目中的知識(shí)點(diǎn)考題是不是都掌握了呢？我們知道2022年CFA二級(jí)考試題型和一級(jí)是不一樣的，考生需要掌握知識(shí)的同時(shí)還要了解考試題，今天我們看看二級(jí)考試題型如何再看看Portflio Mangement是怎么出題的！

CFA二級(jí)考試的題目包含案例描述和4道或者6道選擇題。第1場(chǎng)和第2場(chǎng)考試均包含44道選擇題，共計(jì)88道選擇題，考生需根據(jù)案例描述中提供的信息來(lái)完成選擇題作答。那我們一起看看Portflio Mangement是怎么出題的！

【例題】Stux (1994) describes a country allocation strategy across five major equity markets: the United States, the United Kingdom, Germany, France, and Japan. In this strategy, a measure of relative attractiveness among the five equity markets is used as a factor in determining the weights of the five equity markets in the overall portfolio. The investment in each country, however, whatever the country’s weight, is an indexed investment in the equity market of that country. The weights of the five equity markets in the overall portfolio generally are expected to differ from benchmark weights (the weights of the countries in an appropriate benchmark for the international equity market), within limits.

問(wèn)題1：Characterize the two components (portfolio weights and within-country investments) of the country allocation strategy using the text’s framework for classifying investment strategies.

問(wèn)題2：Characterize the country allocation strategy overall.

答案1：The country allocation strategy as described mixes elements of active and passive investment approaches. The portfolio weights are actively determined and differ from benchmark weights, within limits. However, the investments in individual countries are passive, indexed investments.


解析：在單獨(dú)國(guó)家內(nèi)的投資是被動(dòng)投資，即指數(shù)投資。在不同國(guó)家股權(quán)投資的權(quán)重依于不同國(guó)家股權(quán)市場(chǎng)的吸引力而定的，和基準(zhǔn)的權(quán)重不同，因此是主動(dòng)管理的。

答案2：Overall, we can classify the country allocation strategy as a semiactive or controlled-active investment approach.

解析：總體來(lái)說(shuō)，該資產(chǎn)配置的策略是半主動(dòng)型的投資方式。

所以備考CFA二級(jí)考試是不是準(zhǔn)備好了呢？知識(shí)、考試題是不是都掌握了，有信心做對(duì)考試題通過(guò)考試，這邊有CFA備考課程和資料，需要的話可以在線咨詢(xún)！