目标

嗨，努力学习的PZer你好：

DB跟DB不强调跟inflation rate 作比较是吧，不强调真实收益率?

同学是说DB和DC对吗，是的不强调。

同学总结得已经很好了，有一些表述不同，应该你是想统一一下是吧。其余修改如下。

DB：Achieve a long term return with a reasonable volatility over xx years to meet legal liability, and min cotribution risk, and outperformance peer group or benchmark

DC: achieve a long term return with a reasonable volatility over xx years to meet spending and outperformance peer group or benchmark

Endowment and fundation：achieve a total real rate of return（after inflation）plus investment expense, and support spending with an expected volatility of 10%~15% over the xx years（可能会根据题干来写，不需要写这部分）

Budget stabilization funds：achieve a return excess of inflation.

Development funds: achieve a real rate of return excess of GDP growth / productivity

Saving funds: achieve a return excess of inflation perpetuity and supporting government normal activies spending.

Reserve fund: achieve a return excess of stabilization bond interest , eliminateing negative carry of foreign currency

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虽然现在很辛苦，但努力过的感觉真的很好，加油！