开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)｜3.2.5(安卓)APP下载

返回

Arnie · 2022年11月29日

这题目不考虑欧元贬值吗？

  1. CFA III
  2. Fixed Income

* 问题详情，请 查看题干

NO.PZ202112010200003102

问题如下：

Which of the following active portfolios is expected to have the highest excess return versus the index if European economies are expected to experience an earlier and much stronger credit cycle recovery than the United States?

选项：

A.

EUR HY 50.0%, EUR IG 25.0%, USD IG 12.5%, USD HY 12.5%

B.

EUR IG 50.0%, EUR HY 25.0%, USD IG 12.5%, USD HY 12.5%

C.

EUR HY 33.3%, US HY 33.3%, EUR IG 16.7%, USD IG 16.7%

解释：

A is correct. Given that high-yield spreads are expected to fall the most in an economic recovery, the manager should choose the portfolio with the highest percentage of EUR HY credit exposure.

The EUR IG and EUR HY allocations are denominated in euros, and the euro is expected to depreciate by 2% versus the US dollar over the next year.

添加评论
1 个答案

pzqa015 · 2022年12月01日

嗨，从没放弃的小努力你好：


根据题目给的条件，只能做定性的判断，欧元贬值2%没法用。

----------------------------------------------
加油吧，让我们一起遇见更好的自己！

  • 1

    回答

  • 0

    关注

  • 385

    浏览
相关问题

NO.PZ202112010200003102 问题如下 Whiof the following active portfolios is expecteto have thehighest excess return versus the inx if Europeeconomies are expectetoexperienearlier anmustronger cret cycle recovery ththe Unitetates? A.EUR HY 50.0%, EUR IG 25.0%, USIG 12.5%, USHY 12.5% B.EUR IG 50.0%, EUR HY 25.0%, USIG 12.5%, USHY 12.5% C.EUR HY 33.3%, US HY 33.3%, EUR IG 16.7%, USIG 16.7% A is correct. Given thhigh-yielsprea areexpecteto fall the most in economic recovery, the manager shoulchoose the portfoliowith the highest percentage of EUR HY cretexposure. 如题，谢谢！

2024-03-30 20:50 1 · 回答

NO.PZ202112010200003102问题如下 Whiof the following active portfolios is expecteto have thehighest excess return versus the inx if Europeeconomies are expectetoexperienearlier anmustronger cret cycle recovery ththe Unitetates? A.EUR HY 50.0%, EUR IG 25.0%, USIG 12.5%, USHY 12.5% B.EUR IG 50.0%, EUR HY 25.0%, USIG 12.5%, USHY 12.5% C.EUR HY 33.3%, US HY 33.3%, EUR IG 16.7%, USIG 16.7% A is correct. Given thhigh-yielsprea areexpecteto fall the most in economic recovery, the manager shoulchoose the portfoliowith the highest percentage of EUR HY cretexposure. 欧洲相对美国经济恢复，那说明预期欧洲加息，欧元走软，是否应该控制总体欧洲的仓位？我理解是，欧洲经济恢复只能推导出欧洲内部应该多配HY。请老师详细一下

2022-03-30 19:53 1 · 回答

NO.PZ202112010200003102 老师，可以下这道题吗？谢谢

2022-02-14 11:37 1 · 回答