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stacie · 2020年03月08日

问一道题:NO.PZ2019100901000015

问题如下:

The Prometheo University Scholarship Endowment (the Endowment) was established in 1950 and supports scholarships for students attending Prometheo University. The Endowment’s assets under management are relatively small, and it has an annual spending policy of 6% of the five-year rolling asset value.

Formulate the investment objectives section of the investment policy statement for the Endowment

选项:

解释:

The mission of the Prometheo University Scholarship Endowment is to provide scholarships for students attending the university. In order to achieve this mission, the Endowment must maintain the purchasing power of the assets in perpetuity while achieving investment returns sufficient to sustain the level of spending necessary to support the scholarship budget. Therefore, the investment objective of the endowment should be to achieve a total real rate of return (after inflation) of at least 6% with a reasonable level of risk.

请问在写mission的时候,前面这个 to provide scholarships for students attending the university需要写吗?比如别的大学也许题干里还说要用于科研研究什么之类的。还是直接上来就写maintain purchasing power。。。。这句套话?


谢谢!!!

1 个答案

发亮_品职助教 · 2020年03月09日

嗨,从没放弃的小努力你好:


“前面这个 to provide scholarships for students attending the university需要写吗?比如别的大学也许题干里还说要用于科研研究什么之类的。还是直接上来就写maintain purchasing power。。。。这句套话?”


真正的Investment objective只有:Endowment must maintain the purchasing power of the assets in perpetuity while achieving investment returns sufficient to sustain the level of spending necessary to support the scholarship budget.

后面如果有具体的Spending rate的话,再写出来Spending rate,如本文的: The investment objective of the endowment should be to achieve a total real rate of return (after inflation) of at least 6% with a reasonable level of risk.

这种类型的题目,问到写Investment objectives就按上面的套路写,只不过后面的Support项目要改一下就OK。


一般题目只会让写Investment objectives,让写investment objectives时,就把上面这一段写出来就好了。不用在写the mission is....provide scholarships for students attending the university....

注意看前面写investment objectives里面,已经提到了:support the scholarship budget.,所以the mission就不用单独写了。


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