NO.PZ202105270100000505
问题如下：
Based on Bader’s expectations for current account secular trends as shown in Exhibit 1, Bader should reallocate capital, all else being equal, from:
选项：
A. Country A to Country C.
B. Country B to Country A.
C. Country C to Country A.
解释：
A is correct.
Bader should reallocate capital from Country A, which is expected to have a secularly rising current account deficit, to Country C, which is expected to have a secularly rising current account surplus. A rising current account deficit will tend to put upward pressure on real required returns and downward pressure on asset prices, whereas a rising current account surplus (or narrowing deficit) will put downward pressure on real required returns and upward pressure on asset prices. Analysts should consider reallocation of portfolio assets from countries with secularly rising current account deficits to those with secularly rising current account surpluses (or narrowing deficits).
老师，关于解析中提到的rising current account deficit will put pressure on real required return，请问这个要怎么理解？另外这个知识点对应的基础班课程是哪个？谢谢
