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.
选项a为什么不对,没理解答案的解析