Question

​If pension fund investment decisions are made with the objective of generating cash flows at the same time as planned outflow payments, the fund follows a ____ strategy. When comparing matched funding and projective funding, ____ is more flexible for portfolio managers.

a. ​matched funding; matched funding

b. ​projective funding; matched funding

c. ​projective funding; projective funding

d. ​matched funding; projective funding

Answer

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