NO.PZ2018120301000029
问题如下：
Molly
explains that, in order to evaluate the asset allocation process, fixed-income
portfolios should have an appropriate benchmark. Leah asks for benchmark advice
regarding DFC’s portfolio of short-term and intermediate-term bonds, all
denominated in US dollars. Molly presents three possible benchmarks in
Exhibit 2.
Based
on DFC’s bond holdings and Exhibit 2, Molly should recommend:
选项：
A.Benchmark 1.
B.Benchmark 2.
C.Benchmark 3.
解释：
Correct Answer: B
B is correct. DFC has two types of assets, short term and intermediate term. For the short-term assets, a benchmark with a short duration is appropriate. For the intermediate-term assets, a benchmark with a longer duration is appropriate.
In this situation, DFC may wish to combine several well-defined sub-benchmark categories into an overall blended benchmark (Benchmark 2). The Bloomberg Barclays Short-Term Treasury Index is an appropriate benchmark for the short-term assets, and SD&R uses a 50% weight for this component. The longer-duration Bloomberg Barclays US Corporate Bond Index is an appropriate benchmark for the intermediate-term assets, and SD&R uses a 50% weight for this component. As a result, Molly should recommend proposed Benchmark 2.
选择benchmark从duration和credit两个角度，但是文中提问只给了较小信息无法进行知识的关联。
