short biased equity strategy是在哪里出现的

问题如下：

In preparation for the first meeting between Zen-Alt and the fund, Gension and Smittand discuss implementing a short-biased equity strategy within the fund. Smittand makes the following three statements regarding short-biased equity strategies.

Which of Smittand’s statements regarding short-biased equity strategies is incorrect?

选项：

A.

Statement 1

B.

Statement 2

C.

Statement 3

解释：

B is correct. While bonds reduce the probability of achieving a target return over time, they have been more effective as a volatility mitigator than alternatives over an extended period of time.

A is incorrect because Statement 1 is correct. Short-biased strategies are expected to provide some measure of alpha in addition to lowering a portfolio’s overall equity beta.

C is incorrect because Statement 3 is correct. Short-biased equity strategies help reduce an equity-dominated portfolio’s overall beta. Short-biased strategies are believed to deliver equity-like returns with less-than-full exposure to the equity premium but with an additional source of return that might come from the manager’s shorting of individual stocks.