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yan · 2024年10月25日

B不对的解释没看懂,能否解释一下,谢谢

NO.PZ2024101802000019

问题如下:

A client’s limited partnership stake in a venture that invests in office buildings throughout Asia has been revalued such that this stake is now worth 30% less than estimated at the time the IPS was written. Assume that, prior to the revaluation, this stake accounted for 10% of the total market value of the portfolio and was worth EUR10 million, the target strategic allocation for global real estate securities. The lower bound for rebalancing is 8%. The next annual review of the IPS is scheduled in nine months. Which response below best describes the next IPS review?

选项:

A.

The next IPS review should take place in nine months as scheduled

B.

The next IPS review should be rescheduled as soon as possible with a focus on capital sufficiency analysis

C.

The next IPS review should be rescheduled as soon as possible to review the asset allocation of the portfolio

解释:

Given the assumption on the initial size of the limited partnership stake, the decline in the total portfolio value is just 3%, so a capital sufficiency analysis is unnecessary. Moreover, the allocation to Global Real Estate Securities declines to 7.2% (from 10%), so it is just below the 8% lower rebalancing limit for this asset class — see calculations below. Therefore, the next IPS review should be rescheduled as soon as possible to review the asset allocation of the portfolio with a view towards rebalancing. Decline in total portfolio value is -3%, Allocation to global real estate securities is 7.2%

A is incorrect because significant changes in market conditions, such as the revaluation of the limited partnership stake, can create the need for an IPS review earlier than a scheduled once per year review. B is incorrect because the couple can tolerate portfolio volatility, and the decline in total portfolio value is just 3%, so a focus on the capital sufficiency analysis should not be a necessary aspect of the next IPS review.

B不对的解释没看懂,能否解释一下,谢谢


1 个答案

费费_品职助教 · 2024年10月28日

嗨,从没放弃的小努力你好:


同学你好

客户持有的份额占其整个组合的10%,现在这部分份额下降30%,那么整个组合下降的幅度只有=30%*10%=3%,这个比例是非常小的,因此没必要做资本充足性分析

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努力的时光都是限量版,加油!

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NO.PZ2024101802000019 问题如下 A client’s limitepartnership stake in a venture thinvests in offibuilngs throughout Asia hbeen revaluesuththis stake is now worth 30% less thestimatethe time the IPS wwritten. Assume that, prior to the revaluation, this stake accountefor 10% of the totmarket value of the portfolio anwworth EUR10 million, the target strategic allocation for globreestate securities. The lower bounfor rebalancing is 8%. The next annureview of the IPS is schelein nine months. Whiresponse below best scribes the next IPS review? A.The next IPS review shoultake plain nine months schele B.The next IPS review shoulreschelesoon possible with a focus on capitsufficienanalysis C.The next IPS review shoulreschelesoon possible to review the asset allocation of the portfolio Given the assumption on the initisize of the limitepartnership stake, the cline in the totportfolio value is just 3%, so a capitsufficienanalysis is unnecessary. Moreover, the allocation to GlobReEstate Securities clines to 7.2% (from 10%), so it is just below the 8% lower rebalancing limit for this asset class — see calculations below. Therefore, the next IPS review shoulreschelesoon possible to review the asset allocation of the portfolio with a view towar rebalancing. cline in totportfolio value is -3%, Allocation to globreestate securities is 7.2%A is incorrebecause significant changes in market contions, suthe revaluation of the limitepartnership stake, ccreate the neefor IPS review earlier tha scheleonper yereview. B is incorrebecause the couple ctolerate portfolio volatility, anthe cline in totportfolio value is just 3%, so a focus on the capitsufficienanalysis shoulnot a necessary aspeof the next IPS review. 请问答案说明中7.2%是什么运算逻辑,不应该是7%么?

2024-10-28 00:16 1 · 回答