Andrea Cipollini, CFA, is an Italian‐based wealth advisor. A major client of his, the Bocconi family, holds most of its assets in stocks and private equity with no allocation to a cash buffer. Mr. Cipollini recommends that the Bocconi family reallocate some assets to a laddered portfolio of Italian government bonds. Which requirement is least appropriate for laddering the fixed income portion of the Bocconi family portfolio? 

a) High credit quality 

b) Low liquidity

c) Yield curve diversification

Answer rating: 100% (QA)

The detailed answer for the above question is provided belo... View the full answer