Wealth Management: Private Banking, Investment Decisions, and Structured Financial ProductsElsevier, 2011 M02 24 - 352 páginas Wealth Management has two themes: Private Banking and investment decisions regarding Structural Financial Products. Dr. Dimitris Chorafas examines in a rigorous way whether structured financial products are advisable investments for retail and institutional investors and, if yes, which risks they entail. As our society becomes increasingly affluent, and state-supported pension schemes find it difficult to survive, a growing number of high net-worth individuals, and families, have become retail investors – looking for ways and means to optimize wealth management, and Private Banking deals with these sorts of clients. Private banking also deals with clients that are institutional investors, such as pension funds, mutual funds, and insurance companies, as well as not-for-profits, foundations and companies explicitly set up for wealth management. Both institutional and retail investors are being offered by the banks they work with structured products. Typically, these are securities that provide them with a redemption amount, with may be either with full or partial capital protection, and some type of return. The book examines structured financial products, their polyvalent nature, and the results which could be expected from them. Return on structural instruments, which are essentially derivatives, is paid in function of a specific investment strategy on selected underlying asset(s). This essentially means on the performance of the underlyings, obtained by asset managers, which may be banks or hedge funds, through purchase or sale of embedded options. But there are risks. Both risk and return from structured products are related to three main issues: the volatility of future value of an underlying, the uncertainty of future events, and the exposure of the product. Every type of investment is subject to market forces, and the more leveraged a portfolio is, the greater will probably be both the assumed risk and the expected reward. The fact that structured financial products appeal, or at least are being marketed, to both retail investors and institutional investors makes the dual approach deliberately chosen in this book most advisable. This book addresses all these issues in a practical manner with numerous case studies and real-world examples drawn from the author’s intensive research.
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... changes, largely conditioned by the unpredictability of future events. The keywords are: □ Volatility □ Uncertainty □ Exposure. There are many reasons behind these three keywords and the forces propelling them; for instance, general ...
... changes over time, in 2005 such individuals are generally considered to be people with more than US $1 million in assets that can be invested. This threshold is raised over time: □ Partly because of inflation, and □ Mainly because ...
... goals, □ Technological developments, □ Economic and political changes. Other organizational qualities of a private banking enterprise include flexibility, Private banking defined 7 Organizational challenges in private banking.
... changes in inflation rate for the US dollar and euro (2000–2004) 1997 1998 1999 2000 2001 2002 2003 2004 COMMON GROUND. 4 CHANGE IN PER CENT 0 2000 2002 DOLLAR 3 2 EURO 1 2001 2003 2004. Private banking defined 9.
... is evidence that strategic priorities change over time. In past years, large market segments in order of importance to the banking 70 NET INTEREST INCOME 60 50 CONTRIBUTION PERCENTAGE 40 FEES 12 Wealth Management A private banking roadmap.
Contenido
Asset management | 91 |
Derivative financial instruments structured products and risk control | 183 |
Case studies with the three main classes of structured products | 253 |
Derivatives as a tax haven | 359 |
Index | 369 |
Otras ediciones - Ver todas
Wealth Management: Private Banking, Investment Decisions and Structured ... Dimitris N. Chorafas Sin vista previa disponible - 2006 |
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