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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... Exposure. There are many reasons behind these three keywords and the forces propelling them; for instance, general and specific leverage. Both general market leverage and the specific gearing of the structured product magnify the risk(s) ...
... assets.12 This increases the need for both investment research and damage control. The assumption of greater exposure cannot be confronted with the 20 Wealth Management Synergy of private banking and institutional investments.
... exposure cannot be confronted with the worn-out tools of the past. Investors need to understand and appreciate the exposure that they are assuming with their assets. Part of this issue is the concentration of risk. In the UK, pension ...
... exposure in other investment categories. Moreover, sound investment proposals must be backed up by a macroanalysis focusing on all issues that could affect the level of credit risk and market risk, increasing by so much the visibility ...
... exposure. Even people who see themselves as sophisticated investors are increasingly inclined to seek professional advice, underscoring the difficulties in making investment decisions in today's sophisticated and volatile markets. There ...
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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Strategic Business Planning for Accountants: Methods, Tools and Case Studies Dimitris N. Chorafas Vista previa limitada - 2006 |