NO.PZ2022122801000043
问题如下:
George was recently hired as the investment advisor for the SSR Corporation pension fund. The current market value of the pension fund’s assets is USD 10 billion, and the present value of the fund’s liabilities is USD 8 billion. George recommends that the risk-averse SSR board of directors consider adopting a liability-relative method, specifically the hedging/return-seeking portfolio approach. He is considering about allocating Inflation-Index bond to the return-seeking portfolio due to the circumstance:
选项:
A.economic growth increase
解释:
Market inflation expectations incorporate both changing investor expectations about inflation and changing investor perceptions about the uncertainty of the future inflation environment. the difference between the 10-year UK inflation-linked government bond rate and the 10-year nominal bond rate reflects both investor expectations about the level of future inflation as well as a premium for the uncertainty of future inflation.
老师,请问通常来说hedging/return-seeking方法是投资一个portfolio还是两个呢?如果是投资两个为什么要把TIPS投资在return-seeking而不是hedging portfolio?