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

卢天悦 · 2023年07月26日

如果说她的compensation和equity的相关性很高,用AO可能会进一步提高equity的分配,对分散化不好可以吗

* 问题详情,请 查看题干

NO.PZ202212280100002102

问题如下:

Welch explains to Finnegan that she is currently following an asset-only (AO) approach to strategic asset allocation. He strongly advises her to adopt an asset/liability management (ALM) approach.

B. Discuss three reasons, based on Finnegan’s circumstances, why an ALM approach would be more appropriate than an AO approach.

选项:

解释:

The ALM approach focuses asset allocation on funding liabilities. Finnegan should adopt an ALM approach because:

Ÿ Finnegan faces a significant penalty for not meeting her liabilities. If she misses her mortgage payments for three or more months, she risks losing her home. She does not want to sell assets to pay the mortgage. Therefore, a portfolio structure designed to meet liabilities would be appropriate.

Ÿ Finnegan has below average risk tolerance while unemployed. Loss averse investors, or investors with below-average risk tolerance, are better suited to an ALM approach than to an AO approach.

Ÿ Finnegan’s mortgage payments are interest-rate sensitive. Holding investment assets with similarly sensitive cash flows would hedge this risk. Therefore, an ALM approach is more appropriate than an AO approach for her.

如题

2 个答案

lynn_品职助教 · 2023年07月27日

嗨,从没放弃的小努力你好:


加油~

----------------------------------------------
就算太阳没有迎着我们而来,我们正在朝着它而去,加油!

lynn_品职助教 · 2023年07月27日

嗨,从没放弃的小努力你好:


如果说她的compensation和equity的相关性很高,用AO可能会进一步提高equity的分配,对分散化不好可以吗


这个角度是可以的,但是用AO可能会进一步提高equity的分配,


太过于假设了,没有原文中的句子作为解释有一点支撑力度不够。


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

卢天悦 · 2023年07月27日

嗯嗯好的

  • 2

    回答
  • 0

    关注
  • 250

    浏览
相关问题

NO.PZ202212280100002102 问题如下 Welexplains to Finnegthshe is currently following anasset-only (AO) approato strategic asset allocation. He strongly aises herto apt asset/liability management (ALM) approach.scuss threereasons, baseon Finnegan’s circumstances, why ALM approawoulmoreappropriate thapproach. The ALM approafocuses asset allocation on funng liabilities. Finnegshoulapt ALM approabecause:Ÿ Finnegfaces a significant penalty for not meeting her liabilities. If she misses her mortgage payments for three or more months, she risks losing her home. She es not want to sell assets to pthe mortgage. Therefore, a portfolio structure signeto meet liabilities woulappropriate.Ÿ Finneghbelow average risk toleranwhile unemploye Loss averse investors, or investors with below-average risk tolerance, are better suiteto ALM approathto approach.Ÿ Finnegan’s mortgage payments are interest-rate sensitive. Holng investment assets with similarly sensitive cash flows woulhee this risk. Therefore, ALM approais more appropriate thapproafor her. 老师,请问这道主观题 “Finneginten to make a posit of EUR 30,000” is more like a liability 可以作为ALM approach比AO更合适的理由之一嘛?

2024-10-29 11:50 2 · 回答

NO.PZ202212280100002102 问题如下 Welexplains to Finnegthshe is currently following anasset-only (AO) approato strategic asset allocation. He strongly aises herto apt asset/liability management (ALM) approach.scuss threereasons, baseon Finnegan’s circumstances, why ALM approawoulmoreappropriate thapproach. The ALM approafocuses asset allocation on funng liabilities. Finnegshoulapt ALM approabecause:Ÿ Finnegfaces a significant penalty for not meeting her liabilities. If she misses her mortgage payments for three or more months, she risks losing her home. She es not want to sell assets to pthe mortgage. Therefore, a portfolio structure signeto meet liabilities woulappropriate.Ÿ Finneghbelow average risk toleranwhile unemploye Loss averse investors, or investors with below-average risk tolerance, are better suiteto ALM approathto approach.Ÿ Finnegan’s mortgage payments are interest-rate sensitive. Holng investment assets with similarly sensitive cash flows woulhee this risk. Therefore, ALM approais more appropriate thapproafor her. 在分析ALM优势的时候,课上没有提及这一点,可以展开讲讲如何答到这一点的思路以及具体的情况吗?

2024-07-05 14:04 1 · 回答

NO.PZ202212280100002102 问题如下 Welexplains to Finnegthshe is currently following anasset-only (AO) approato strategic asset allocation. He strongly aises herto apt asset/liability management (ALM) approach.scuss threereasons, baseon Finnegan’s circumstances, why ALM approawoulmoreappropriate thapproach. The ALM approafocuses asset allocation on funng liabilities. Finnegshoulapt ALM approabecause:Ÿ Finnegfaces a significant penalty for not meeting her liabilities. If she misses her mortgage payments for three or more months, she risks losing her home. She es not want to sell assets to pthe mortgage. Therefore, a portfolio structure signeto meet liabilities woulappropriate.Ÿ Finneghbelow average risk toleranwhile unemploye Loss averse investors, or investors with below-average risk tolerance, are better suiteto ALM approathto approach.Ÿ Finnegan’s mortgage payments are interest-rate sensitive. Holng investment assets with similarly sensitive cash flows woulhee this risk. Therefore, ALM approais more appropriate thapproafor her. 请问在实际考试中会出现,直接问 列举XX方式/mol 优势的提问嘛?

2024-07-04 00:28 1 · 回答