A portfolio manager is considering an immunization strategy for a client The portfolio manager is concerned that the portfolio must be rebalanced very frequently in order to match the duration of the portfolio each day to the time remaining in the investment horizon Comment on this portfolio manage...

While it is true that the duration of the portfolio ch ...

A portfolio manager is considering an immunization strategy for a client. The portfolio manager is concerned that

Question:

A manager is considering an immunization strategy for a client. The manager is concerned that the must be rebalanced very frequently in order to match the duration of the each day to the time remaining in the investment horizon. Comment on this manager's concern.
Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...