An investor would most likely expect commodities to have correlations with traditional stock or bond investments and inflation, respectively, that are: Correlation with inflation Correlation with traditional stock or bond investments()①A. positive positive ②B. positive negative ③C. negative positive
A. ①
B. ②
C. ③
参考答案:B
解析:
A primary motivation for an investment in commodities, commodity derivatives, commodity-linked bonds, and commodity-linked equity are the diversification benefits provided due to the negative return correlation with other asset and the positive correlation with inflation.