Allianz Global Investment Graduate Programme

[h="1"]hi there i am completing competency questions for a graduate scheme and there are a few questions that are really hard, so im wondering if any of the tsr geniuses could help me thank you:

What does the “Rolling down Effect” mean within Bond Management?

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a)Capital gain due to extra-long duration

b)Receipt of capital gain by holding until final due date

c)Flatten the monetary policy within short area of the interest structure curve

d)Rise of the interest structure curve

what does the Shiller Rate-Profit-Ratio mean?*

a)The cycle / inflation adjusted Rate-Profit-Ratio

b)Will be often confounded with the Graham / Dodd Rate-Profit-Ratio

c)Based on short-term expected profits, not on average profits of the last ten years

d)Cycle revised Rate-Profit-Ratio

What does financial repression mean?*

a)Financial Repression leads to a “silent dept relief“ of the states, in case the inflation rate is higher than the interest rate(negative rate of return)

b)Financial Repression leads to a “silent dept relief“ of the states, in case the inflation rate is lower than the interest rate (positive rate of return)

c)One object is e.g. that banks are required to buy stocks.

d)States sustain a loss by low interest rates for the benefit of investors

What does “active management” mean?*

a)Active management tracks a benchmark index exactly (1:1)

b)Active management is aimed at out performance of a benchmark index

c)Efficient capital markets are a pre-requisite for active management

d)Active management reflects the world of yesterday

any and all help will be appreciated, thanks guys.

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