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Wheel · 2023年01月02日

C选项

NO.PZ2018053101000033

问题如下:

Private capital is:

选项:

A.accurately described by the generic term “private equity”. B.a source of diversification benefits from both debt and equity. C.predisposed to invest in both the debt and equity of a client’s firm.

解释:

B is correct. Investments in private capital funds can add diversity to a portfolio composed of publicly traded stocks and bonds because they have less-thanperfect correlation with those investments. There is also the potential to offer further diversification within the private capital asset class. For example, private equity investments may also offer vintage diversification since capital is not deployed at a single point in time but is invested over several years. Private debt provides investors with the opportunity to diversify the fixed-income portion of their portfolios since private debt investments offer more options than bonds and other public forms of traditional fixed income.

A is incorrect because although private equity is considered by many to be the largest component of private capital, using “private equity” as a generic term could be less accurate and possibly misleading since other private forms of alternative finance have grown considerably in size and popularity.

C is incorrect because although many private investment firms often have private equity and private debt arms, these teams typically won’t invest in the same assets or businesses to avoid overexposure to a single investment.

C选项错的原因如果私募投了一个公司的股就不会投一个公司的债,怕用股还债,是这个意思吧

2 个答案

Lucky_品职助教 · 2023年01月06日

嗨,努力学习的PZer你好:


同学你的理解是正确的~ 为了解释得更加清楚,所以在你问题的基础上回答的内容比较详细,也是为了帮助同学更好的回顾知识点,并不是单纯的复制粘贴哦,同学们的提问都会有针对性地进行回答~

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虽然现在很辛苦,但努力过的感觉真的很好,加油!

Lucky_品职助教 · 2023年01月03日

嗨,爱思考的PZer你好:


本题主要考查定性理解,C选项错在“倾向于invest in both the debt and equity of 同一家公司”,见下面原版书截图,可知Private capital包括了private equity和private debt,一般投资团队只投一家公司的股或债,不然容易有利益冲突,被投资的公司可能拿股东的钱去还债权人,作为投资者,也就是钱从自己的左口袋到了右口袋,投资效果不好。

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努力的时光都是限量版,加油!

Wheel · 2023年01月04日

咱们的回答都是复制粘贴是么

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NO.PZ2018053101000033 如题,谢谢老师。

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