很多FRM學(xué)員還不知道FRM真題的重要性，考前進(jìn)行FRM真題練習(xí)是有很大效果的。FRM真題練習(xí)，備考中需要重點(diǎn)掌握！今天融躍小編給大家?guī)鞦RM真題每日一練！

Regarding of the following strategies to harvest illiquidity premiums, which one is most likely a passive strategy?

A) Choosing the most illiquid assets within an asset class, even if the asset class is generally considered to be liquid.

B) Using dynamic factor strategies at the aggregate portfolio level.

C) Acting as a market maker for individual securities.

D) Allocating a portion of a portfolio to illiquid asset classes.

答案：D

解析：There are four primary ways that investors can harvest illiquidity premiums:

1. Allocating a portion of the portfolio to illiquid asset classes like real estate (i.e., this is a passive allocation to illiquid asset classes).

2. Choosing more illiquid assets within an asset class (i.e., liquidity security selection).

3. Acting as a market maker for individual securities.

4. Engaging in dynamic factor strategies at the aggregate portfolio level. This means taking long positions in illiquid assets and short positions in liquid assets to harvest the illiquidity risk premium.

Of the four ways investors can harvest illiquidity risk premiums, this is the easiest to implement and can have the greatest effect on portfolio returns.

FRM考試的內(nèi)容就分享這么多，考生如果對(duì)FRM考試還有更多的疑問，可以文章評(píng)論一起學(xué)習(xí)探討！另外，有2022年全年備考日歷，想要的私信或者評(píng)論哦！