49．An investor taking a long position in commodity futures while simultaneously investing in government securities has created a:
Select exactly 1 answers from the following:
A. commodity-linked bond.
B. commodity-linked equity.
C. managed commodity futures portfolio.
D. collateralized commodity futures position.
答案和详解如下！
Feedback: Correct answer: D
揂lternative Investments,?Ch. 8, International Investments, 5th edition, Bruno Solnik and Dennis McLeavey (Addison Wesley, 2004), pp. 429?33 2006 Modular Level I, Vol. IV, pp. 670-674 Study Session 17-75-x, y discuss the motivation for investing in commodities, commodities derivatives, and commodity-linked securities; discuss the sources of return on a collateralized commodity futures position
A collateralized commodity futures position is a viable risk-diversification strategy because commodities have a negative correlation with stock and bond returns and a positive correlation with inflation.
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发表于 2006-11-22 11:07
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