The Efficiency of Structured Equity Products as Investment Vehicles
Master thesis

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Date
2019Metadata
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- Master of Science [1525]
Abstract
In this paper we find that in the Swedish market principal protected notes (PPN) or
an alternative replicating strategy of such kind, can be an adequate investment
vehicle for retail investors with different sources of liquidity in periods of stable
volatility and low interest rates. We assessed the fair value of such notes and
compared the offered participation rates by the issuing financial institutions and
found tendencies of overpricing for the index PPN at issuance. Our results illustrate
how in addition of the capital protection, this type of structured products can be as
profitable or more than other alternative investing choices.
Description
Masteroppgave(MSc) in Master of Science in Finance - Handelshøyskolen BI, 2019