问题如下:
If a pension plan will terminate just in two years, which of the following investment should not be considered to invest?
选项:
A. Private equity
B. Hedge funds with one year lock-up period
C. Commodity futures expiring in three months
解释:
A is correct.
To choose a proper investment, the suitability must be considered. As the pension plan will terminate, the investment horizon will be less than 2 years. In such circumstances, private equity is not suitable as the investment horizon of private equity is usually longer than 2 years.
为什么Commodity可以呢?都快要到期了,是因为可以roll仓嘛?