珊同學
2022-06-27 22:10Canadian Model 里面提到一種配置方式：reference portfolio & total portfolio;這個total portfolio的方式和作用有點不太理解。
所屬：CFA Level III > Portfolio Management for Institutional Investors 視頻位置 相關(guān)試題
來源： 視頻位置 相關(guān)試題
1個回答
Chris Lan助教
2022-06-28 11:45
該回答已被題主采納
同學您好
reference portfolio是指選一個基準，通常是passive的基準。
The reference portfolio is a passive mix of public equities, fixed income, and cash that represents a cheap and easily implementable portfolio that is expected to achieve the long-term expected return consistent with the institution’s investment objectives and risk appetite.
而total portfolio是指canada model是站在整體組合來考慮各風險敞口的。
The total portfolio approach is the method of constructing the portfolio to ensure that planned risk exposures at the total portfolio level are maintained as individual investments enter, leave or change in value.
這段的原文在P13頁，您可以讀一下。
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