A portfolio manager for a property and casualty insurance company who anticipates a recession is likely to shift the company's portfolio into

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In anticipation of a recession, a portfolio manager for a property and casualty insurance company is likely to shift the company's portfolio into short-term securities. This is because short-term securities typically have less risk compared to long-term securities and are less sensitive to interest rate changes, making them a suitable choice during an economic downturn. Additionally, short-term securities have a lower maturity and are therefore less exposed to credit risk.

A Portfolio Manager for a Property and Casualty Insurance Company