针对两类投资者的指数连结型金融产品

Index-linked financial product based on two kinds of investors

为了能够同时满足两类风险与收益偏好不同的投资者的理财需求.设计了一种指数连结型集合资产管理产品,其到期收益依据投资期内标的指数的表现.从投资者的角度对产品进行了定价分析,发现两类投资者的存在使得各自的收益都有所改善;此外,从资产管理机构的角度设计了避险策略,按照此策略进行操作能够同时满足两类投资者的风险与收益要求.

To meet the demand of two kinds of investors with different risk and return preferences,an index-linked product of integrated assets management is developed.The mature return of this product depends only on the performance of underlying index during the investment horizon.The analysis on the product value from the view of investors shows that the existence of two kinds of investors can improve their returns respectively.Furthermore,a strategy to avoid the risk for assets management institution is designed,b...