NO.PZ202206210100000401
问题如下：
Which asset allocation approach best describes the asset allocation choice suggested by Black to the board?选项：
A.Mean–variance B.Asset-segmentation C.Liability-relative解释：
SolutionC is correct. Investment in fixed-income securities specifically to generate cash distributions to offset the cash disbursements necessary for maintaining university costs in excess of tuition revenue is a liability-relative approach.
A is incorrect. A mean–variance approach is an asset-only approach that does not consider liabilities.
B is incorrect. An asset-segmentation approach is an asset-only approach that does not consider liabilities.
deviate within 5% of the target portfolio weights 这不能代表是mean variance方法吗？
