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mino酱是个小破货 · 2025年04月29日

烦请老师帮忙看下这么回答是否合适,谢谢老师。

NO.PZ2022122801000041

问题如下:

PZ is the sponsor of a $1.25 billion legacy DB plan, which is now frozen. The funded ratio is 0.8. The plan sponsor, receives three asset allocation approaches recommendations:

a surplus optimization approach.

an integrated asset–liability approach.

a hedging/return-seeking portfolios approach.

When evaluate asset allocation choices, consider the plan sponsor’s costs.

Determine which asset allocation approach would be most appropriate for the pension fund. Justify your response.

选项:

解释:

Surplus optimization approach is the most appropriate.

Surplus optimization does not require an overfunded status, while implementation of the basic two-portfolio approach depends on having an overfunded plan.

Integrating the liability portfolio with the asset portfolio, is the most comprehensive of the three approaches, but increased complexity.

The most appropriate for the pension fund. Now the DB plan is only partial funded, so we can’t use a hedging return-seeking approach. The integrated asset-liability approach is comprehensive but complex with high costs.

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NO.PZ2022122801000041 问题如下 PZ is the sponsor of a $1.25 billionlega plan, whiis now frozen. The funratio is 0.8. The plsponsor, receives three asset allocation approachesrecommentions: • a surplus optimization approach.• integrateasset–liability approach.• a heing/return-seeking portfolios approach.When evaluate asset allocation choices, consir the plansponsor’s costs. termine whiasset allocation approawoulmost appropriate for the pension fun Justify yourresponse. Surplus optimization approais the most appropriate.Surplus optimization es not require overfunstatus, while implementation of the basic two-portfolio approapen on having overfunplan.Integrating the liability portfolio with the asset portfolio, is the most comprehensive of the three approaches, but increasecomplexity. 不是很明白,integrateasset–liability approach也是不能unr fun?还是只是因为复杂而被排除(题干中也没看到关于复杂程度的描述啊)?

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