ALM

NO.PZ2018120301000021 问题如下 SRCapit(SR), a globasset management company, specializes in ­fixeincomeinvestments. Molly, chief investment officer, is meeting with a prospectiveclient, Leof Puy FinanciCompany (C). Leinforms Molly thatC’s previous ­fixeincome manager focuseon the interest rate sensitivitiesof assets anliabilities when making asset allocation cisions. Mollyexplains that, in contrast, SR’s investment process ­first analyzes thesize antiming of client liabilities, anthen it buil asset portfoliobaseon the interest rate sensitivity of those liabilities. Theinvestment process followeC’s previous fixeincome manager is bestscribe A.asset-iven liabilities. B.liability-iven investing. C.asset–liability management. CorreAnswer: is correct. Asset–liability management strategies consir both assets anliabilities in the portfolio cision-making process. Lenotes thC’s previous fixeincome manager attempteto control for interest rate risk focusing on both the asset anthe liability si of the company’s balansheet. The previous manager thus followeasset–liability management strategy. 这道题问的的是之前fixeincome的策略，但在题目里并没有说明到底是先有asset还是先有liability，只是说我两者都focus，所以直接就选asset-liability management吗，这样子理解可以吗

NO.PZ2018120301000021 问题如下 SRCapit(SR), a globasset management company, specializes in ­fixeincomeinvestments. Molly, chief investment officer, is meeting with a prospectiveclient, Leof Puy FinanciCompany (C). Leinforms Molly thatC’s previous ­fixeincome manager focuseon the interest rate sensitivitiesof assets anliabilities when making asset allocation cisions. Mollyexplains that, in contrast, SR’s investment process ­first analyzes thesize antiming of client liabilities, anthen it buil asset portfoliobaseon the interest rate sensitivity of those liabilities. Theinvestment process followeC’s previous fixeincome manager is bestscribe A.asset-iven liabilities. B.liability-iven investing. C.asset–liability management. CorreAnswer: is correct. Asset–liability management strategies consir both assets anliabilities in the portfolio cision-making process. Lenotes thC’s previous fixeincome manager attempteto control for interest rate risk focusing on both the asset anthe liability si of the company’s balansheet. The previous manager thus followeasset–liability management strategy. 请问固收里面的L和AA中的ALM有区别吗？

NO.PZ2018120301000021问题如下 SRCapit(SR), a globasset management company, specializes in ­fixeincomeinvestments. Molly, chief investment officer, is meeting with a prospectiveclient, Leof Puy FinanciCompany (C). Leinforms Molly thatC’s previous ­fixeincome manager focuseon the interest rate sensitivitiesof assets anliabilities when making asset allocation cisions. Mollyexplains that, in contrast, SR’s investment process ­first analyzes thesize antiming of client liabilities, anthen it buil asset portfoliobaseon the interest rate sensitivity of those liabilities. Theinvestment process followeC’s previous fixeincome manager is bestscribeA.asset-iven liabilities.B.liability-iven investing.C.asset–liability management. CorreAnswer: is correct. Asset–liability management strategies consir both assets anliabilities in the portfolio cision-making process. Lenotes thC’s previous fixeincome manager attempteto control for interest rate risk focusing on both the asset anthe liability si of the company’s balansheet. The previous manager thus followeasset–liability management strategy. 老师好，这道题为什么不选Ｂ呢

NO.PZ2018120301000021问题如下 SRCapit(SR), a globasset management company, specializes in ­fixeincomeinvestments. Molly, chief investment officer, is meeting with a prospectiveclient, Leof Puy FinanciCompany (C). Leinforms Molly thatC’s previous ­fixeincome manager focuseon the interest rate sensitivitiesof assets anliabilities when making asset allocation cisions. Mollyexplains that, in contrast, SR’s investment process ­first analyzes thesize antiming of client liabilities, anthen it buil asset portfoliobaseon the interest rate sensitivity of those liabilities. Theinvestment process followeC’s previous fixeincome manager is bestscribeA.asset-iven liabilities.B.liability-iven investing.C.asset–liability management. CorreAnswer: is correct. Asset–liability management strategies consir both assets anliabilities in the portfolio cision-making process. Lenotes thC’s previous fixeincome manager attempteto control for interest rate risk focusing on both the asset anthe liability si of the company’s balansheet. The previous manager thus followeasset–liability management strategy. 后面的这种是liiven,他不是说跟前面的那种方式in contrast相反吗？那不是应选asset iven？