By Ewelina Sokolowska
This monograph offers a complete resource of study and study on substitute investments within the wealth administration technique, with a distinct concentrate on Poland and jap Europe. It offers the features that distinguish replacement investments from conventional investments and illustrates the advantages and hazards considering the previous. The adventure won in built nations is very worthwhile for the research of either the Polish and japanese ecu monetary markets. within the theoretical a part of the publication, key points of other investments are accumulated, systematized and built; therefore, within the empirical half the result of chosen experiences at the replacement funding region world wide are tested. finally, the book’s findings are utilized to the context of other monetary investments in Poland, investigating the personal tastes for substitute investments within the state, that's the most important marketplace in primary and jap Europe. not just of theoretical curiosity, those insights have a excessive software worth, making the e-book a vital source for students, practitioners and policymakers alike.
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Extra info for Alternative Investments in Wealth Management: A Comprehensive Study of the Central and East European Market
Assuming that the rates of return on individual assets are not correlated, the variance of the rate of return on the entire portfolio will be equal to: var ðr Þ ¼ n 1X δ2 δ2 ¼ 2 n i¼1 n ð2:3Þ where: var(r) – variance of the rate of return, n – the number of components of the portfolio, δ2 – the variance of the portfolio. A few different financial instruments should be placed in the portfolio to create a well-diversified one; however, it should be borne in mind that an excessive number of instruments in the portfolio may interfere with their analysis and management.
Payment for redemption of shares in the fund is often collected only for a certain period – usually 1 year – from the date of investment. The purpose of the commission for redemption of units is to discourage investors from shortterm investment in the fund as well as to prevent the withdrawal of means in the fund after a period of adverse investment outcomes. In contrast to charges for fund management and incentive commission, payments for redemption of shares are collected and stored by the fund and increase other investors’ capital.
Inappropriate use of investment strategies is associated with the probability of severe losses incurred. It can be assumed that the common elements of applied investment strategies include the following (E. Sokołowska 2010): – the techniques of arbitrage, – use of leverage, – use of short selling, which allows investors to earn money on declines in market prices, – the use of derivatives and active investment in futures markets, – the use of a very wide range of underlying instruments which are the subject of investment (financial instruments, commodities, precious metals, real estate), – investing in markets characterized by high volatility, – participating in mergers and acquisitions.