组合管理

A portfolio with lower diversification ratio should have:

• greater risk reduction effect

• higher expected return

• less securities in the portfolio

Which of the following are described as individual investors?

• endowments

• defined-benefit pension plans

• defined-contribution pension plans

Sussi is a manager of ABC foundation. which of the following portfolios is most suitable for ABC?

• portfolio1

• portfolio2

• portfolio3

Compared with active management, which of the following is most likely an advantage of passive management ?

• higher expected return

• lower market risk

• lower cost

With respect to the exchange-traded funds, which of the following statements is correct?

• ETFs are generally structured as open-end funds.

• ETF shares are traded on exchanges at the net asset value.

• The number of ETF shares is unchanged.