How to Invest in Structured Products
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How to Invest in Structured Products: A Guide for Investors and Asset Managers(The Wiley Finance Series)

How to Invest in Structured Products: A Guide for Investors and Asset Managers(The Wiley Finance Series)


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About the Book

Table of Contents:
Disclaimer. Foreword. Acknowledgements. Goal of this book. Who should be interested. Content summary. Part I Individual Structured Products. 1 Introduction. 2 Generalities About Structured Products. 2.1 A Definition by Analogy. 2.2 Buyers, Sellers and Reasons for Investing in Structured Products. 2.3 Reading a Payoff Diagram. 2.4 Reading a Payoff Formula. 2.5 Reading a Term-Sheet. 3 The Categories of Structured Products. 3.1 Capital Guaranteed Products. 3.2 Yield Enhancement. 3.3 Participation. 4 Behavior of Structured Products During their Lifetime. 4.1 Main Valuation and Risk Measures. 4.2 Capital Guarantee. 4.3 Yield Enhancement. 4.4 Participation Products. 4.5 Other Participation Products. 5 Common Special Features of Structured Products. 5.1 Quanto Options. 5.2 Barrier Options. 5.3 Autocall and Callable Options. 5.4 Rolling Products and Products Without Fixed Maturity. 5.5 Conditional and Accumulating Coupons. 6 Functionality Options of Structured Products. 6.1 Physical or Cash Delivery with Equity-Based Products. 6.2 Clean Price and Dirty Price. 6.3 Lending Values. 6.4 Issue Minimum/Maximum Size and Liquidity. 6.5 Funding Rates and Counterparty/Credit Risk. 7 Foreign Exchange, Fixed Income and Commodity Products. 7.1 FX-Based Structures. 7.2 Fixed Income Structures. 7.3 Commodity Structures. 8 Recent Developments. 8.1 Customized Index Products. 8.2 Actively Managed Certificates. 8.3 Electronic Trading Platforms. Part II Structured Products in a Portfolio Context. 9 Introduction to Part II. 10 Classical Theory and Structured Products. 10.1 Distribution of Returns Shapes. 10.2 Classical Portfolio Management Theories. 10.3 Classical Theory and Structured Products. 10.4 Conclusion. 11 Structured Solution Proposal. 11.1 Preferred Distribution of Return Investment Process. 11.2 Distribution Classes: The Return Distribution Cube. 11.3 An Investor’s Utility (Value) Curve. 11.4 Questionnaire. 12 Return Distributions of Structured Products. 12.1 Procedure and Data. 12.2 Capital Guaranteed Products. 12.3 Yield Enhancement Products. 12.4 Participation Products. 12.5 Conclusion: Product Classification. 13 Structured Portfolio Construction. 13.1 Portfolio Construction Process. 13.2 Constructing a Structured Product Portfolio in Theory. 13.3 Preferred Return Distribution Process Versus Classic Portfolio Management. 13.4 Investor Portfolios. 14 Final Words. Appendix A: Glossary of Terms. Appendix B: Distribution of Returns: An Intuitive Explanation. Appendix C: Questionnaire. Appendix D: List of Figures. Appendix E: List of Tables. Appendix F: Index Information. Appendix G: Issuer and Product-Related Websites. Bibliography. Index.

About the Author :
ANDREAS BLÜMKE is Head of Structured Products at VP Bank. He obtained a degree in economics, option business management, from the HEC University of Lausanne in 1992. He became a Certified International Investment Analyst (CIIA) in 2000. Before starting a banking career, he was a commodity trader from 1992 to 1995, working for Continental France in Toulouse as a soft-seed trader, and later at Deustche Conti in Hamburg as edible oil trader. He began his banking activities at UBS AG in 1996 in Zürich, where he briefly traded bonds and bond futures, before he joined Cantrade Privatbank AG in 1997 to trade OTC options. Shortly after, he created and built the structured products desk. As the structured products business expanded successfully, he managed a team of up to 6 people, including an Advisory desk. Cantrade subsequently became Ehinger & Armand von Ernst AG, and was acquired by Julius Baer AG in 2006. He is married with two children, and fluent in French, German and English. Structured products have been his passion for the last 12 years.


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Product Details
  • ISBN-13: 9780470684870
  • Publisher: John Wiley & Sons Inc
  • Publisher Imprint: John Wiley & Sons Inc
  • Language: English
  • Series Title: The Wiley Finance Series
  • ISBN-10: 0470684879
  • Publisher Date: 03 Nov 2009
  • Binding: Digital (delivered electronically)
  • No of Pages: 400
  • Sub Title: A Guide for Investors and Asset Managers


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