Brainscape
Find Flashcards
Why It Works
More
Educators
Businesses
Tutors & resellers
Content partnerships
Academy
About
Educators
Teachers & professors
Content partnerships
Tutors & resellers
Businesses
Employee training
Content partnerships
Tutors & resellers
Academy
About
Brainscape's Knowledge Genome
TM
Browse over 1 million classes created by top students, professors, publishers, and experts.
Entrance Exams
Professional Certifications
Foreign Languages
Medical & Nursing
Science
English
Humanities & Social Studies
Mathematics
Law
Vocations
Health & Fitness
Business & Finance
Technology & Engineering
Food & Beverage
Fine Arts
Random Knowledge
See full index
j compare the methodologies used to construct equity style indices; Flashcards Preview
L3 23 Equity Portfolio Management
> j compare the methodologies used to construct equity style indices; > Flashcards
Flashcards in
j compare the methodologies used to construct equity style indices;
Deck (0)
Loading flashcards...
Decks in
L3 23 Equity Portfolio Management
Class (22):
A Discuss The Role Of Equities In The Overall Portfolio;
B Discuss The Rationales For Passive, Active, And Semiactive (Enhanced Index) Equity Investment Approaches And Distinguish Among Those Approaches With Respect To Expected Active Return And Tracking Risk;
C Recommend An Equity Investment Approach When Given An Investor’s Investment Policy Statement And Beliefs Concerning Market Efficiency;
D Distinguish Among The Predominant Weighting Schemes Used In The Construction Of Major Equity Share Indices And Evaluate The Biases Of Each;
E Compare Alternative Methods For Establishing Passive Exposure To An Equity Market, Including Indexed Separate Or Pooled Accounts, Index Mutual Funds, Exchange Traded Funds, Equity Index Futures, And Equity Total Return Swaps;
F Compare Full Replication, Stratified Sampling, And Optimization As Approaches To Constructing An Indexed Portfolio And Recommend An Approach When Given A Description Of The Investment Vehicle And The Index To Be Tracked;
G Explain And Justify The Use Of Equity Investment–Style Classifications And Discuss The Difficulties In Applying Style Definitions Consistently;
H Explain The Rationales And Primary Concerns Of Value Investors And Growth Investors And Discuss The Key Risks Of Each Investment Style;
I Compare Techniques For Identifying Investment Styles And Characterize The Style Of An Investor When Given A Description Of The Investor’s Security Selection Method, Details On The Investor’s Security Holdings, Or The Results Of A Returnsbased Style Analysis;
J Compare The Methodologies Used To Construct Equity Style Indices;
K Interpret The Results Of An Equity Style Box Analysis And Discuss The Consequences Of Style Drift;
L Distinguish Between Positive And Negative Screens Involving Socially Responsible Investing Criteria And Discuss Their Potential Effects On A Portfolio’s Style Characteristics;
M Compare Long–Short And Long Only Investment Strategies, Including Their Risks And Potential Alphas, And Explain Why Greater Pricing Inefficiency May Exist On The Short Side Of The Market;
N Explain How A Market Neutral Portfolio Can Be “Equitized” To Gain Equity Market Exposure And Compare Equitized Market Neutral And Short Extension Portfolios;
O Compare The Sell Disciplines Of Active Investors;
P Contrast Derivatives Based And Stock Based Enhanced Indexing Strategies And Justify Enhanced Indexing On The Basis Of Risk Control And The Information Ratio;
Q Recommend And Justify, In A Risk Return Framework, The Optimal Portfolio Allocations To A Group Of Investment Managers;
R Explain The Core Satellite Approach To Portfolio Construction And Discuss The Advantages And Disadvantages Of Adding A Completeness Fund To Control Overall Risk Exposures;
S Distinguish Among The Components Of Total Active Return (“True” Active Return And “Misfit” Active Return) And Their Associated Risk Measures And Explain Their Relevance For Evaluating A Portfolio Of Managers;
T Explain Alpha And Beta Separation As An Approach To Active Management And Demonstrate The Use Of Portable Alpha;
U Describe The Process Of Identifying, Selecting, And Contracting With Equity Managers;
V Contrast The Top Down And Bottom Up Approaches To Equity Research.