NO.PZ202206210100000503
问题如下:
The most appropriate statement in regards to approaches to asset allocation by institutions is made by:
选项:
A.Kelly, regarding their goals-based allocations. B.Trainor. C. Kelly, regarding the Sharpe ratio and modeling of liabilities.解释:
SolutiA is correct. Kelly’s second comment regarding institutions’ goals-based allocations is correct. Some institutions (e.g., insurance companies) segment their general account assets into sub-portfolios associated with specific lines of business or blocks of liabilities, with each sub-portfolio having its own return objective.
A
is correct.
Kelly’s second comment regarding institutions’ goals-based allocations is
correct. Some institutions (e.g., insurance companies) segment their general
account assets into sub-portfolios associated with specific lines of business
or blocks of liabilities, with each sub-portfolio having its own return
objective.
B
is incorrect. Trainor is incorrect. Some institutions may focus on asset-only
allocations, but another approach that can be used is liability-relative, which
focuses on the assets in relation to the liabilities.
trainor错哪了