Shelley2019-02-10 07:25:34

老师您好，我想问一下： Page 267页： （1）Leveraged Exposure to Credit: Mezzanine and equity tranches can gain additional return, if the underlying collateral has strong returns. 老师在讲的时候有提到说equity就像是自有资金，用10%的钱买了全部的债券。但是这10% 不是Fund manager买的bonds自己留着。但是为什么说是自有资金？还有为什么说相当于用10%的钱买了全部的债券？这些解释好像和note上的无关：Mezzanine and equity tranches can gain additional return, if the underlying collateral has strong returns？ （2）Disadvantage 第二点：Do “NOT” offer unique exposure to a sector or market factor. 老师上课讲的好像是offer unique exposure 而不是 “NOT”offer unique exposure to a sector or market factor？ 您能解释一下吗？谢谢啦！