Through this model,fund managers can achieve long-term optimal tradeoff of portfolio’s mean and CVaRwhile controlling the short-term risk. Consequently, the manager can reduce theshort-term risk such as redemption risk due to the market decline while not alteringthe long-term investment target.
通过该模型,基金公司可在控制组合短期风险的条件下使得长期均值-CVaR关系达最优,从而在不改变长期投资目标的情况下降低因市场下滑带来的赎回风险等短期风险。
参考来源 - 基于风险测度理论的证券投资组合优化研究·2,447,543篇论文数据,部分数据来源于NoteExpress
第一部分对国内外有关赎回风险研究的文献作了综述。
The first part is the summary of the redemption of the risk of domestic and foreign research literature.
第二章对我国开放式基金的赎回风险进行特殊性分析。
Chapter two mainly analyses the specialty of our open-ended fund.
最后,针对我国股票型开放式基金赎回风险的特殊性,本文从三个不同层面给出了具体建议。
At last, this paper gives some material Suggestions from three aspects, because of the particularity of redemption risk in China.
Generally,you don't have to worry about optionality or call provisions and so it's math.
一般来说,没有必要去担心期权性风险,或赎回条款,就只是数学游戏
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