问题如下:
James said, "the one-year interest rate in Brazil is 6% compared to 1.5% in the United Kingdom. I can borrow in GBP and invest in BRL without currency hedging." The trading strategy James will use is most likely:
选项:
A.economic fundamental
B.volatility trading
C.carry trade
解释:
C is correct.
考点: active currency management的方法
解析:四种方法分别是economic fundamental, technical analysis, carry trade, volatility trading。这句话描述的是carry trade的方法,投资者先从利率低的国家借钱,再把这些借来的钱投资到利率高的国家,从而赚取利息差。这种交易策略的前提是uncovered interest rate parity不成立。
老师您好!请问carry trade应该是借Low yield currency,投资high yield currency。但这道题的题干里面,BRAZIL是Low yield, GBP是high yield,然后还借GBP投资BRAZIL。这不是carry trade呀。请问为什么还选择carry trade?