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"Alternative Investments":venture capital investments
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Questions 1:
The most likely impact of adding commodities to a portfolio of equities and bonds is to:
A 、increase risk.
B、 provide higher current income.
C 、reduce exposure to inflation.
Questions 2:
With regard to venture capital, which of the following statements is most likelytrue regarding venture capital?
A 、Investments typically are in later stage and more established companies.
B 、Investors tend to have short time horizons.
C 、Investors require a higher return than investors in publicly traded equity
View answer resolution
【Answer to question 1】C
【analysis】
C is correct. Over the long term, commodity prices are closely related to inflation, so including commodities in a portfolio of equities and bonds will reduce its exposure to inflation.
A is incorrect because commodities have low correlations with traditional securities and therefore reduce overall risk.
B is incorrect because commodity investments tend to produce no current income.
【Answer to question 2】（選項）
【analysis】
C is correct. The historical standard deviations of annual return for venture capital are higher than that of common stocks. Investors should therefore require a higher return in exchange for accepting this higher risk, along with the illiquidity of venture capital investing.
A is incorrect because the venture capital strategy typically invests in start-up or early stage companies, not later stage companies.
B is incorrect because venture capital investments require long time horizons.
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