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cika · 2022年11月13日

从哪里得知 SPP is currently under-funded?

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NO.PZ202206210100000301

问题如下:

From the description of Sabonete’s objectives for the SPP, the most appropriate asset allocation approach is:

选项:

A.mean–variance optimization. B.a basic two-portfolio approach. C.an integrated asset–liability approach.

解释:

SoluC is correct. Based on the objectives described, the integrated asset–liability approach is the most appropriate asset allocation approach for the SPP, which is currently under-funded and seeks to achieve fully funded status in five years. Mean–variance optimization is an asset-only approach to asset allocation and fails to consider Sabonete’s goal of fully funding the liabilities. The basic two-portfolio approach assumes the pension plan has a surplus that can be allocated to a return-seeking portfolio.

C is correct. Based on the objectives described, the integrated asset–liability approach is the most appropriate asset allocation approach for the SPP, which is currently under-funded and seeks to achieve fully funded status in five years. Mean–variance optimization is an asset-only approach to asset allocation and fails to consider Sabonete’s goal of fully funding the liabilities. The basic two-portfolio approach assumes the pension plan has a surplus that can be allocated to a return-seeking portfolio.

A is incorrect. Mean–variance optimization is an asset-only approach to asset allocation and fails to consider Sabonete’s goal of fully funding the liabilities.

B is incorrect. The basic two-portfolio approach assumes the pension plan has a surplus that can be allocated to a return-seeking portfolio.

从哪里得知 SPP is currently under-funded?

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lynn_品职助教 · 2022年11月13日

嗨,从没放弃的小努力你好:


是的,没有错。我们三级的题就是读case找信息,非常关键。

----------------------------------------------
虽然现在很辛苦,但努力过的感觉真的很好,加油!

cika · 2022年11月13日

  • The fund is 90% funded (€5 billion in assets and an accrued benefit obligation of €5.55 billion).

是因为这一条么

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NO.PZ202206210100000301 问题如下 Sabonete Case ScenarioSabonete, S.A., is a multi-nationconsumer procts company heauarterein Lisbon, Portugal, with annurevenue of approximately €2 billion. Over the past severyears, the company’s growth strategy hcentereon expanng market share in emerging markets. Over half of revenues are from emerging markets, anthe remainr are from velopeEuropeeconomies. Oni Falana serves the chief investment officer of Sabonete’s finebenefit pension pl(SPP). Falana hengageoutsi consultant, Isabel Horvath, for assistanwith asset allocation. 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