› sep123 sep123 @sep123 Not recently active Activity Profile Forums Topics Started Replies Created Forum Replies Created Viewing 1 post (of 1 total) Author Posts in reply to: Fixed income Portfolio management-Immunization #83545 sep123Participant CFA Level 3 17 Sep 2018 at 7:40 pm Up3:: I have a related question. Conceptually, what’s the difference between ALM and immunization? ALM is matching the duration of a portfolio the duration of a liability, right? Isn’t that what immunization is? Thanks! Author Posts Viewing 1 post (of 1 total)