NO.PZ2023032703000079
问题如下：
Which of the following statements about the role of structured products in an active credit portfolio is most accurate?
选项：
A.
Covered bonds perform relatively well in a downturn versus other fixed-income bonds with real estate exposure because a covered bond investor also has recourse to the issuer.
B.
Higher-rated ABS tranches are attractive for active investors seeking to overweight default risk when the credit cycle is in recovery.
C.
CLO tranches are more advantageous than CDO tranches with similar ratings under an economic slowdown scenario.
解释：
A is correct. Covered bonds perform relatively well in a downturn versus other fixed-income bonds with real estate exposure because the investor also has recourse to the issuer.
我理解covered bond 更好是因为它除了有发行人外还有一个担保机构，而选项a说的对发行人有追索权这个不应该是所有bond都有的吗？
