NO.PZ201812020100000205
问题如下:
Based on Exhibit 2, the total expected return of the fund’s global bond portfolio is closest to:
选项:
A. 0.90%.
B. 2.20%.
C. 3.76%.
解释:
B is correct .
The total expected return is calculated as:
Total expected return = Rolling yield + E(Change in price based on investor’s yield and yield spread view) – E(Credit losses) + E(Currency gains or losses) Rolling yield = Yield income + Rolldown return
新考纲中没有credit loss这一项