NO.PZ202209060200004601
问题如下:
Which of Adams’s three principles is least likely relevant for managing Berendsen’s fixed-income portfolio?
选项:
A.Principle I
B.Principle II
C.Principle III
解释:
SolutionC is correct. Managing the portfolio to Berendsen’s retirement needs is an example of a liability-driven investment, not an asset-driven liability. The aim of a liability-driven investment is to manage the assets to meet the liabilities. The liabilities are given and not driven by the assets.
A is incorrect because this is an example of a Type 1 liability. The price of the annuity and the timing of its purchase are both known.
B is incorrect because analyzing the size and timing of the liabilities is relevant to managing Berendsen’s portfolio.
选项a是在讲什么,type 1 error那里的知识点吗?