A portfolio manager is contemplating the implication of an immunization strategy He believes that one advantage of the strategy is that it requires no management of the portfolio once the initial portfolio is constructed That is, it is simply a buy and hold strategy Explain whether or not you agree with the portfolio manager 's assessment of the immunization strategy as a buy and hold strategy

Question: A portfolio manager is contemplating the implication of an immunization strategy. He believes that one advantage of the strategy is that it requires no management

A manager is contemplating the implication of an immunization strategy. He believes that one advantage of the strategy is that it requires no management of the once the initial is constructed. That is, it is simply a "buy and hold strategy." Explain whether or not you agree with the manager's assessment of the immunization strategy as a "buy and hold strategy."

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