165****68322025-02-10 14:49:43

第三题中FX的部分应该怎么写？我写的是Country X should increase equity allocation and decrease bonds. The FX rate is more highly correlated with bond returns than equity returns, and therefore in a depreciating currency, equities will outperform bonds. Additionally, the depreciation of FX rate will offset some of the fixed income returns, making the returns unattractive.