WHY is it so.. That, In a macroeconomic factor model, the factors are surprises in macroeconomic variables that significantly explain returns. Factor sensitivities are generally specified first in fundamental factor models, whereas factor sensitivities are estimated last in macroeconomic factor models.
Home/8.2 CFA Level 2/Portf. Mgt (CFA L2)
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adding leverage to aportfoilio could have twin effects bcz it can increase the return and also a threat to portfolio thus, increase the risk (standard deviation) isn’t it true that the effect is uncertain??
Can u pls explain this example.
Can somebody explain why have we added risk free rate? We add average stock return right? For Fundamental model
Why these two statements appear to be contradictory.[in red and yellow]
Can anyone explain point no 1.
Doubt 1 in the explanation to “B”, they have said that “An upward sloping curve would be associated with bond risk premiums that are positively, not negatively, related to the consumption hedging benefits of government bonds.” Long term bonds, which ...