NO.PZ202209060200004003
问题如下：
If Puhuyesva’s focus is avoiding credit quality deterioration, which of the South American debt indexes should most likely be chosen on the basis of the information in Exhibit 2?选项：
A.RFS B.DS C.BSCA解释：
SolutionC is correct. Compared with other weighting schemes, such as equally weighted, value-weighted indexes are tilted toward issuers with higher levels of debt. The more an issuer or sector borrows, the greater the tilt toward that issuer in the index. Leverage and creditworthiness are negatively correlated, so a value-weighted index will be more susceptible to credit quality deterioration than an equally weighted index will be. BSCA is an equally weighted index, whereas the others are value weighted.
A is incorrect because RFS is a value-weighted index.
B is incorrect because DS is a value-weighted index.
题干里也没有看到要避免因为发行主体发行量大而产生风险的描述呀
仅从index包含的duration, number of portfolio和convexity来判断不行么?
