[{"data":1,"prerenderedAt":45},["ShallowReactive",2],{"q-sitca_invest-115-2-022":3},{"exam":4,"examName":5,"chapterSlug":6,"question":7,"related":22},"sitca_invest","投信投顧業務員資格測驗——證券投資與財務分析","c1",{"id":8,"exam":4,"session":9,"qno":10,"question":11,"options":12,"answer":17,"chapter":18,"freq":19,"explanation":20,"difficulty":21},"sitca_invest-115-2-022","115-2",22,"共同基金經理人採取由下而上(Bottom-Up)管理方式，認為基金的超額報酬主要來自於：",[13,14,15,16],"大盤研判","類股波段操作","尋找價值低估的潛力股","分散風險",2,"投資概論與證券市場",1,"由下而上的操作方式，選股的起點是個別公司本身：經理人透過財務報表、獲利品質、產品競爭力與本益比等評價指標，篩選出市價低於內含價值的標的，認為超額報酬來自市場對這些公司的錯誤定價。相對地，(A) 大盤研判與 (B) 類股波段操作屬於由上而下的思考——先判斷總體經濟與景氣循環的位置，再決定產業配置，最後才挑個股，重心放在資產配置與產業輪動。(D) 分散風險是投資組合建構的基本紀律，兩種管理方式都會做，它降低的是非系統風險，並不會替基金創造超額報酬。","medium",[23,26,29,33,37,41],{"id":24,"question":25,"qno":19},"sitca_invest-114-3-001","期望在承擔適當的風險下，未來能夠賺取長期、穩定的報酬之行為是：",{"id":27,"question":28,"qno":17},"sitca_invest-114-3-002","下列有關特別股的敘述何者「正確」？",{"id":30,"question":31,"qno":32},"sitca_invest-114-3-003","公司清算時，清算優先順序為？",3,{"id":34,"question":35,"qno":36},"sitca_invest-114-3-014","下列有關指數股票型基金(ETF)與指數投資證券(ETN)的敘述何者正確？",14,{"id":38,"question":39,"qno":40},"sitca_invest-114-3-024","臺灣 50 指數 ETF 與一般開放型基金之比較，下列何者正確？甲.在基金管理費用上，臺灣50 指數 ETF 較低，一般開放型基金較高；乙.臺灣 50 指數 ETF 可以放空，一般開放型基金則不行；丙.兩者均無折溢價的問題",24,{"id":42,"question":43,"qno":44},"sitca_invest-114-3-037","某投資人投資某一股票的價格為 40 元，支付券商佣金為 0.04275 元，其交易成本率（買入部分）為何?",37,1785904155737]