你好请问

问题如下：

Question A university endowment fund is mandated to hold some of its value in alternative investments. Which of the following would most likely be included in the fund’s alternative investments portfolio?

选项：

A.Real estate securities B.Exchange-traded funds C.Convertible preferred shares

解释：

Solution

A is correct. Real estate securities qualify as alternative investments.

B is incorrect. Exchange-traded funds are publicly traded and do not qualify as alternative investments

C is incorrect. Convertible preferred shares may be publicly traded and do not qualify as alternative investments.