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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Dentro del libro
Resultados 1-5 de 55
... Fixed income structured products 13 14 15 12.1 12.2 12.3 12.4 12.5 12.6 12.7 12.8 Introduction Fixed interest structured products defined Constant proportion portfolio insurance FISP versus CPPI: a comparative study Borrowing through ...
... fixed income instruments, mutual funds, trusts, wrap-fee products, alternative investments and selected insurance services. In this and many other cases, client support has been backed up by on-line capabilities providing information ...
... fixed income research arms. Faced with mounting costs and the assumption of great exposure, however, some credit institutions have shed their investment banking activities. This policy has backfired. A study in the UK in 1999 ...
... fixed income structured products. In the fixed income domain, the top banks' research activities and business operations address a broad spectrum of products and markets; for example, government and corporate bonds, fixed income ...
... fixed income instruments for current income and equities for growth. Meeting any of these goals presents risks. For instance, to satisfy the aim of current yield the investor may be willing to accept more credit risk, which can result ...
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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