创新养老型结构性金融产品的设计与定价

The Design and Pricing of Innovative Old-age Structural Financial Products

结构化理财产品作为"定制化产品",设计灵活,能够满足投资者的特定需求,因此文章以满足老年人实现资产保值,规避通胀风险的需求为出发点,以及考虑到黄金具有良好的规避通胀的功能,设计了一款挂钩黄金现货价格的结构性理财产品,挂钩方式选择幂式双障碍期权.通过使用VAR方法对该款产品的收益及风险进行分析,最终证明该款产品的风险较小,适合于老年人这一稳健型的投资群体.

As a "customized product", structured wealth management products are flexible in design and can meet the specific needs of investors. Therefore, in order to meet the needs of the elderly to maintain asset preservation and avoid inflation risk, and considering that gold has a good function of avoiding inflation, a structural financial product linked to the spot price of gold is designed, in which power double barrier options are selected. By using VAR method to analyze the income and risk of the product, it is finally proved that the risk of the product is small, and it is suitable for the healthy investment group of the elderly.