题目
An investment manager is looking at ten possible stocks to include in a client’s portfolio. In order to achieve the maximum efficiency of the portfolio, the manager must:
选项
A.include all ten stocks in the portfolio in equal amounts.
B.include only the stocks that have the lowest volatility at a given expected rate of return.
C.find the combination of stocks that produces a portfolio with the maximum expected rate of return at a given level of risk.
D.exclude any of the stocks that are negatively correlated with each other.
答案
C
解析
The most efficient portfolio will be the one that lies on the efficient frontier. It will offer the highest expected return at a given level of risk compared to all other possible portfolios.最有效的投资组合将是有效前沿上的投资组合。 与所有其他可能的投资组合相比，它将在给定的风险水平下提供最高的预期回报。