Una estrategia de inversión y cobertura mediante la combinación de notas estructuradas

An Investment and Hedging Strategy by Combining Structured Notes

Isabel Aguilar-Juárez and Francisco Venegas-Martínez

MPRA Paper from University Library of Munich, Germany

Abstract: This paper is aimed at developing an investment strategy consisting of a portfolio of structured notes. The portfolio considers two dimensions: first, a vertical dimension consisting of a combination of structured notes with the same duration to ensure predictable cash flow at maturity of this structure, and a horizontal dimension considering the integration into the final structure of a new structured note whose term begins upon the expiration of the vertical structure. This structure allows updating the price of the underlying asset during the term of the proposed structure, as well as extending the term of the investment, ensuring the initial capital and offering the possibility of higher returns than the market with low risk. Finally, for illustrative purposes it is developed in detail an application of the proposal and compared with other alternatives available on the market.

Keywords: Structured notes; private investment; portfolios. (search for similar items in EconPapers)
JEL-codes: G11 (search for similar items in EconPapers)
Date: 2014-09-27
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Related works:
Journal Article: Una estrategia de inversión y cobertura mediante la combinación de notas estructuradas (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:58928

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