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粉红豹 · 2019年12月21日

问一道题:NO.PZ2019103001000018

问题如下:

The third project for Soto is to make a significant direct investment in broadly diversified global bonds for Kiest’s pension plan. Kiest has a young workforce, and thus, the plan has a long-term investment horizon. Hudgens needs Soto’s help to select a benchmark index that is appropriate for Kiest’s young workforce and avoids the “bums” problem. Soto discusses three benchmark candidates, presented in Exhibit 3.

选项:

A.

Global Aggregate Index

B.

Global High Yield Index

C.

Global Aggregate GDP Weighted Index

解释:

C is correct.

Kiest has a young workforce and thus a long-term investment horizon. The Global Aggregate and Global Aggregate GDP Weighted Indexes have the highest durations (7.73 and 7.71, respectively) and would be appropriate for this group. Hudgens also wants to avoid the “bums” problem, however, which arises as a result of a market-cap-weighted portfolio increasing the weight of a particular issuer or sector that has increasing borrowings. The Global Aggregate Index is a market-cap-weighted index. As a result, the Global Aggregate GDP Weighted Index is the most appropriate selection for Kiest.

老师,The longer-duration Bloomberg Barclays US Corporate Bond Index 如何匹配“intermediate 中期”?

粉红豹 · 2019年12月22日

好像应该匹配的问题不太对,是视频后这道题目前面的那道题。

1 个答案
已采纳答案

发亮_品职助教 · 2019年12月22日

嗨,从没放弃的小努力你好:


“The longer-duration Bloomberg Barclays US Corporate Bond Index 如何匹配“intermediate 中期”?"


提问应该是这道题?

其实是可以的,他答案里说是Longer-duration....index,其实是说这个Benchmark 2里,有两个Index,一个是Duration为0.5的Short-term;另一个是Duration相对更大的,Longer-duration Bloomberg Barclays US Corporate Bond Index。是两个之间的比较,并不是说Bloomberg Barclays US Corporate Bond Index是一个长期Duration的Index。

其实注意Benchmark 2中那个Duration较大的Index,Duration是7.5,其实就对应中期Duration。


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就算太阳没有迎着我们而来,我们正在朝着它而去,加油!