想问下到底选A or C

NO.PZ2023103101000014

问题如下：

Q. The most likely effect on a portfolio’s diversification when exposure to direct lending commences is that it:

选项：

A.decreases.

B.remains the same.

C.increases.

解释：

C is correct. While private capital can have overall positive contributions to diversification, direct lending can involve a large capital commitment to a single borrower, with increased concentration risk and reduced diversification. Investors attempt to protect against the risk of direct lending by having the debt itself classified as senior and secured with protective covenants in place to benefit from the associated higher interest rates while reducing non-diversifiable specific risk associated with a single borrower.

协会勘误过，正确答案为C

想问下到底选A or C

如果选C请解释下？

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已采纳答案

pzqa35 · 2024年06月24日

嗨，努力学习的PZer你好：

根据协会勘误的结果，答案是选C的哈。

这个问题是说当有direct lending的投资时，对portfolio的分散化会有什么样的影响。这里是将directing lending作为另类投资的一种去看待，它和传统的投资是不像的，因此是有分散化的作用，虽然它也有集中度过高的风险，但这不应影响它作为另类投资和传统投资的相关性比较低这个点。

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NO.PZ2023103101000014 问题如下 Q. The most likely effeon a portfolio’s versification when exposure to relenng commences is thit: A.creases. B.remains the same. C.increases. A is correct. While private capitchave overall positive contributions to versification, relenng cinvolve a large capitcommitment to a single borrower, with increaseconcentration risk anreceversification. Investors attempt to proteagainst the risk of relenng having the itself classifiesenior ansecurewith protective covenants in plato benefit from the associatehigher interest rates while recing non-versifiable specific risk associatewith a single borrower. 为什么选a呢

2024-01-18 19:55 1 · 回答

想问下到底选A or C

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