schweser note 3, page 116:
if the spread increase, increase the exposure to mortgate
if the spread decreases, decrease the exposure to mortgage
2009 CFAI smaple 1, question 30 , answer explaination
if the portfolio manager expexts spread to narrow for all of spread product sector, he or she should underweight the allocation to Treasures and Overweight to the spread product, ie, mortgate, asset-backed, and CMBS sectors.
don't understand why there are differences here |
发表于 2011-7-13 16:36
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