Honanie and Puhuyesva meet to discuss the choice of debt indexes. Puhuyesva expresses her concerns about the difficulties they will face in trying to purchase securities to match the index chosen: “Whatever index we choose, my goal is to match it as closely as possible while minimizing costs. We will need to focus on minimizing tracking risk. One advantage we have over equity portfolio managers is that fixed-income valuation models are much more reliable than those for equities; therefore, it is much easier to determine the value of a fixed-income portfolio than an equity portfolio.”
Q. Is Puhuyesva most likely correct in her comments to Honanie regarding South American debt indexes?
- No. She is incorrect regarding valuation.
- Yes
- No. She is incorrect regarding tracking risk.
A is correct.
fixed-income valuation models are much more reliable than those for equities请问固收的估值模型比权益更可信，哪里不对，它说的是估值模型，未来现金流确定，现金流折现，确实比股票的估值模型准呀。又不是说市价
