Serena2021-10-16 23:26:19
Serena老师，视频中time horizon说savings funds是最长的，但是ppt和思维导图说reserve funds才是最长的，以哪个为准呢？
回答（1）
Chris Lan2021-10-18 10:12:05
Chris Lan同学你好
这两个SWF的投资期限都是长期，原文没有对比说哪个更长。
所以都按长期来记就好。以下是原文的表述，你从表述中，看不出哪个是更长的。所以你都记长期即可。
Savings Funds
Because of their long-term horizons, savings funds invest in risky and illiquid assets, including equities and a wide range of alternative investments.
Reserve Funds
Also, their investment horizons are very long, with typically no immediate or interim payout expectation.
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