买同学2022-02-24 23:05:32

老师好关于REBALANCE,流动性差的资产这一段怎么理解啊However, rebalancing of an illiquid asset may be affected indirectly when a highly correlated liquid asset can be traded or when exposure can be adjusted by means of positions in derivatives. For example, public equity could be reduced to offset an overweight in private equity. Rebalancing by means of highly correlated liquid assets and derivatives, however, involves some imprecision and basis risk.