标题: who does NOT use total return objective? [打印本页] 作者: adehbone 时间: 2011-7-11 19:48 标题: who does NOT use total return objective?
it seems DB, foundation, endowment, all use total return obj; insurance and bank can partially use it -- maybe bank is the most inappropriate to apply total return obj.
who else does not then?作者: lcai 时间: 2011-7-11 19:48
db uses asset liability approach, not total return approach作者: wake2000 时间: 2011-7-11 19:48
look at CFAI book 2 page 447, answer 2.B., DB can be total return, especially when liability /liquidity need is not significant
