ASSET ALLOCATION AND STRUCTURED PRODUCTS / Antoine BANDITTINI / 2019

Titre : ASSET ALLOCATION AND STRUCTURED PRODUCTS : EUROPEAN STRUCTURED PRODUCTS AND RISK INVESTOR PROFILES Type de document : Mémoire Auteurs : Antoine BANDITTINI, Auteur Année de publication : 2019 Importance : 29 p. Note générale : Pour accéder aux fichiers PDF, merci de vous identifier sur le catalogue avec votre compte Office 365 via le bouton CONNEXION en haut de page. Langues : Anglais (eng) Mots-clés : Management EUROPE ; PRODUIT STRUCTURE ; INVESTISSEMENT ; STRATEGIE Résumé : Structured products are the financial instruments that have emerged in Europe and are constantly increasing on popularity in the continent. French and German banks are particularly keen to create new and sophisticated products to meet investors' needs. On the other hand, the products are largely traded on European stock exchanges and it is particularly in Switzerland that the number of exchanges of structured products is the most important. There exist a large variety of financial products and each investor is able to find a customized product that fulfill his needs and for the strategy he would like to develop. Structured products can be divided into four categories: capital protected structured products, yield enhancement structured products, participation structured products and leverage products. Structured products categories are composed of types of products with in particular different categories of underlying and different levels of risk. On the other hand, there exists as well, three different investors risk profiles: the defensive risk profile, the moderate risk profile and the aggressive risk profile. Naturally, the risk profiles are different depending on the type of investor, for example, an individual acting on his own account will not have the same capacity to accept a high level than a big investment bank which is able to cover itself in the event of any losses. Thus, in summary, capital protected structured products are suitable for investors with a defensive attitude to the risk of losing initial capital, meaning that they have a certain acceptance of risk. Secondly, yield enhancement and participation structured products can be adapted for moderate risk profile. And finally, leverage structured products are for investors who can face a significant level of risk. In the European market, all types of investors, with different risk profiles and strategies, will find some usefulness in the many structured products offered. For this, the investor must identify his attitude to accepting the risk, which are his needs to know how long he wants to invest, what level of volatility its portfolio can have and what returns are expected in order to define his strategy and find the products that are best suited for him. Note de contenu : PGE: Bibliogr.P. 29 Programme : PGE-Rouen Spécialisation : Finance de marché - Financial markets, Assets and Risk Management Permalink : https://cataloguelibrary.neoma-bs.fr/index.php?lvl=notice_display&id=497036