Credit Suisse Asset Management Headline Ideas 2015 Dividends An Important Source of Income When Interest Rates Are Low. For qualified investors only

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Credit Suisse Asset Management Headline Ideas 2015 Dividends An Important Source of Income When Interest Rates Are Low. For qualified investors only"

Transcription

1 Credit Suisse Asset Headline Ideas 2015 Dividends An Important Source of Income When Interest Rates Are Low For qualified investors only

2 Dividends An Important Source of Income When Interest Rates Are Low Investors face major challenges under current conditions, with interest rates at historically low levels and persistently low returns on many assets. Those looking for returns should continue to invest in equities yielding high dividends, which still offer attractive prospects for income under current conditions. In Search of Returns: Focusing on High Dividend Stocks The start of the year was marked by a string of monetary events and, to some extent, increased market volatility. Since the start of the year, yields on EUR- and CHFdenominated government bonds have slid into negative territory in most maturities. Investors are confronted with an increasingly difficult fixed-income environment. The gradual disappearance of current interest income presents even greater challenges for investors focused on returns. What should be the focus for investors seeking to achieve their target returns under the present conditions? In our opinion, there are two options on the equity markets that offer good prospects for attractive income flows. The related strategies entail less risk exposure than the equity market as a whole. They are: 01 Dividend Strategies Under the present conditions of low interest rates, equities paying high dividends continue to represent a good source of income. At present, global dividend strategies can achieve a dividend yield of around 3.5% to 4.5%. 02 Covered Call Strategies Covered call strategies can further increase the total return on an equity portfolio. Credit Suisse s solutions seek a distribution of 8% per year, to be paid quarterly. The target return is not a projection, prediction or guarantee of future performance. No assurance can be given that the target return will be achieved.

3 01 Dividend Strategies Dividend yields continue to exceed the yields on government and corporate bonds. Still room for dividend increases Dividend payout ratio for MSCI World Index in % As soon as the central banks start to tighten their monetary policy, we expect the difference in yields between government bonds and equities to narrow, but dividends should still remain more attractive in the longer term. In historical terms, distribution levels are quite low, and companies are holding large amounts of cash, so there is potential for further dividend increases In the long term, dividend strategies offer investors higher overall returns than the wider equity market, with historically lower price volatility. May 72 May 76 May 80 May 84 May 88 Dividend payout ratio Average Average +/ 1 standard deviation May 92 May 96 May 00 May 04 May 08 May 12 Sources: Datastream, Credit Suisse/IDC. Data as of High dividend stocks beat the wider market Cumulative performance Dec 95 Dec 97 Dec 99 Dec 01 Dec 03 Dec 05 Dec 07 Dec 09 Dec 11 Dec 13 MSCI World High Dividend Yield Index in USD MSCI World Index in USD Source: Credit Suisse. Data as of Historical performance indications and financial market scenarios are not reliable indicators of current or future performance. Asset 3/8

4 Our Investment Solutions Credit Suisse (Lux) Global Dividend Plus Equity Fund A widely diversified global portfolio with an expected dividend yield at present of around 3.5% to 4.5% per year. Equity portfolio with a beta below 1; a focus on companies with solid business models that pay high quality dividends limits pricing risk during corrections. Focus on dividend quality assures sustainable, attractive income flows. Risk minimization through active management, for example by avoiding an undesirable high concentration on individual sectors or countries. Annualized performance (net) Credit Suisse (Lux) Global Dividend Plus Equity B USD Benchmark: MSCI World Index ( ) 2.82% 9.87% 9.03% 9.03% 7.40% 13.48% 10.51% 10.51% es B USD 1.60% None LU CHF A USD 1.60% None LU None IB USD 0.70% 500,000 LU CHF EB* USD 0.50% None LU None UB USD 0.95% None LU CHF UA USD 0.95% None LU None * Only for qualified investors pursuant to Art. 10 CISA and Art. 6 CISO. Credit Suisse (Lux) European Dividend Plus Equity Fund Increasing quantitative easing by the ECB, the weakness of the euro and better economic prospects should favor European equities this year. Equity portfolio with a beta below 1; a focus on European companies with solid business models that pay high quality dividends limits pricing risk during corrections. Annualized performance (net) Credit Suisse (Lux) European Dividend Plus Equity Fund B EUR Benchmark: MSCI Europe Index ( ) 18.57% 16.49% 10.70% 10.84% 19.74% 18.17% 11.63% 11.96% Focus on dividend quality assures sustainable, attractive income flows. Risk minimization through active management, for example by avoiding an undesirable high concentration on individual sectors or countries. es B EUR 1.60% None LU CHF A EUR 1.60% None LU None IB EUR 0.70% 500,000 LU CHF EB* EUR 0.50% None LU None UB EUR 0.95% None LU CHF UA EUR 0.95% None LU None * Only for qualified investors pursuant to Art. 10 CISA and Art. 6 CISO. The target return is not a projection, prediction or guarantee of future performance. No assurance can be given that the target return will be achieved. Historical performance indications and financial market scenarios are not reliable indicators of current or future performance. 4/8 Asset

5 Credit Suisse Equity Fund (CH) Swiss Dividend Plus The Swiss equity market has recovered since mid-january s exchange rate shock. We expect further potential, in line with the global markets. Given the heightened macroeconomic uncertainties, however, individual stock selection is crucial. Equity portfolio with a beta below 1; a focus on Swiss companies with solid business models that pay high quality dividends limits pricing risk during corrections. Focus on dividend quality assures sustainable, attractive income flows. Risk minimization through active management, for example by avoiding an undesirable high concentration on individual sectors. Annualized performance (net) Credit Suisse Equity Fund (CH) Swiss Dividend Plus A (CHF) ( ) 12.06% 17.62% n/a 17.18% Benchmark: SPI 10.49% 17.35% n/a 16.72% es B CHF 1.30% None CH None A CHF 1.30% None CH None EB* CHF 0.50% None CH None EA* CHF 0.50% None CH None UB CHF 0.80% None CH None UA CHF 0.80% None CH None * Can only be purchased by qualified investors. Historical performance indications and financial market scenarios are not reliable indicators of current or future performance. Asset 5/8

6 02 Covered Call Strategies Under the present conditions of ultralow interest rates, covered call strategies offer additional income potential through the sale of call options on shares. A covered call strategy is normally exposed to lower volatility than a traditional equity portfolio due to the higher income. When equity markets are falling, trading sideways or rising slightly, these strategies achieve a higher overall return than a conventional equity portfolio. Stable earnings sources in a low interest rate environment Example: the customer receives a premium of 4% for writing a threemonth call option on a stock with a strike price of 102% of the stock price when the call option is sold. 1 Change in stock price Negative Neutral Positive 2 Positive Quarterly change in stock price 10% 0% 6% 10% Premiums received from sale 4% 4% 4% 4% of call option Payment to purchaser of the call 0% 0% 4% 8% option at the end of the term Covered call performance 6% 4% 6% 6% Outperformance of covered call compared with simple stock purchase 4% 4% 0% 4% What Is a Covered Call? With a covered call, an investor sells call options on a security they hold. In exchange they receive from the buyer of the options a fixed premium irrespective of whether the price of the security rises or falls. In return the investor undertakes to sell the underlying at a fixed price (strike price) if the market price of the underlying goes above this threshold amount. The seller of call options receives a fixed options premium, but the upside potential is capped. 1 Breakeven Point: If the stock is lower on expiry, the investor of a covered call receives limited protection in the amount of the option premium. The breakeven point is reached if the fall in the share price corresponds exactly to the option premium received (V = V* P). 2 Stable stock price: If the stock is unchanged on expiry (V = V*), the profit on a covered call corresponds to the option premium received. 3 Maximum profit: If the stock trades at the strike price on expiry (V = S) the maximum possible profit of a covered call is reached. It comprises the option premium received (P) plus the price increase (S V*). 4 Both strategies perform equally well: If the stock price corresponds exactly to the strike price plus the option premium (V = S + P), both strategies perform well. If the stock price exceeds this threshold, a simple stock purchase is more advantageous than a covered call. Payout of a covered call compared with the underlying Profit Loss 0 Covered call achieves negative performance Area indicates the financial advantage of a simple stock purchase compared with a covered call V* P 1 Underlying 2 3 V* S Covered call performs better than the underlying Covered call achieves positive performance 4 S + P Covered call Area indicates the financial advantage of a covered call compared with a simple stock purchase price Covered call performs worse than the underlying V*: Original stock price upon sale of the call options V: Stock price on expiry of the call options (see examples 1 to 4) S: Strike price P: Option premium from the sale of the call options 1 This example assumes no dividends are paid during the term of the option and the strike price is higher at the start of the term than the stock price (i.e. the call option is out of the money). 2 Stock price increase is set so that both strategies perform equally well (covered call versus simple stock purchase). 6/8 Asset

7 Our Investment Solutions Credit Suisse (Lux) Global Property Income Maximiser Equity Fund Actively invests in a worldwide pick of high yield REITs (Real Estate Investment Trusts), which are suitable for diversification because of their moderate correlation with the wider equity market. The fund seeks a high distribution of 8% per year. Optimized covered call strategy that takes account of the current market situation 1, stock valuations and dividend expectations. Investment team have excellent stock-picking skills, while the derivatives team are expert in implementing the covered call strategy. Annualized performance (net) Credit Suisse (Lux) Global Property Income Maximiser Equity Fund A USD ( ) 2.63% n/a n/a 2.43% No benchmark n/a n/a n/a n/a es A USD 1.60% None LU None EA* USD 0.70% None LU None UA USD 0.95% None LU None * Only for qualified investors pursuant to Art. 10 CISA and Art. 6 CISO. Credit Suisse (Lux) Asia Pacific Income Maximiser Equity Fund Actively invests in carefully picked, blue-chip securities from the Asia-Pacific region that pay high dividends. The fund seeks a high distribution of 8% per year. Optimized covered call strategy that takes account of the current market situation 1, stock valuations and dividend expectations. Investment team have excellent stock-picking skills, while the derivatives team are expert in implementing the covered call strategy. Annualized performance (net) Credit Suisse (Lux) Asia Pacific Income Maximiser Equity Fund A USD ( ) n/a n/a n/a 3.73% No benchmark n/a n/a n/a n/a es A USD 1.60% None LU CHF EA* USD 0.70% None LU SGD UA USD 0.95% None LU CHF * Only for qualified investors pursuant to Art. 10 CISA and Art. 6 CISO. 1 If the stock price is expected to rise, call options are written only on 70% of the fund position, allowing the fund to take advantage of upside potential in the stock (to some extent). Overall, call options are sold on 70% to 100% of the fund's total assets. The target return is not a projection, prediction or guarantee of future performance. No assurance can be given that the target return will be achieved. Historical performance indications and financial market scenarios are not reliable indicators of current or future performance. Asset 7/8

8 Contact CREDIT SUISSE ASSET MANAGEMENT Client Servicing & Sales Support PB & Wholesale Distribution CH/LIE Kalanderplatz Zurich Switzerland Phone Fax Credit Suisse AG Private Banking and Wealth Asset Marketing Kalanderplatz Zurich credit-suisse.com This document was produced by Credit Suisse AG and/or its affiliates (hereafter "CS") with the greatest of care and to the best of its knowledge and belief. However, CS provides no guarantee with regard to its content and completeness and does not accept any liability for losses which might arise from making use of this information. The opinions expressed in this document are those of CS at the time of writing and are subject to change at any time without notice. If nothing is indicated to the contrary, all figures are not audited. This document is provided for information purposes only and is for the exclusive use of the recipient. It does not constitute an offer or a recommendation to buy or sell financial instruments or banking services and does not release the recipient from exercising his/her own judgment. The recipient is in particular recommended to check that the information provided is in line with his/her own circumstances with regard to any legal, regulatory, tax or other consequences, if necessary with the help of a professional advisor. This document may not be reproduced either in part or in full without the written permission of CS. It is expressly not intended for persons who, due to their nationality or place of residence, are not permitted access to such information under local law. Neither this document nor any copy thereof may be sent, taken into or distributed in the United States or to any U. S. person (within the meaning of Regulation S under the US Securities Act of 1933, as amended). Every involves risk, especially with regard to fluctuations in value and return. Investments in foreign currencies involve the additional risk that the foreign might lose value against the investor s reference. Historical performance indications and financial market scenarios are not reliable indicators of current or future performance. Performance indications do not consider commissions levied at subscription and/or redemption. Furthermore, no guarantee can be given that the performance of the benchmark will be reached or outperformed. Emerging Markets are located in countries that possess one or more of the following characteristics: A certain degree of political instability, relatively unpredictable financial markets and economic growth patterns, a financial market that is still at the development stage or a weak economy. Emerging markets s usually result in higher risks such as political risks, economical risks, credit risks, exchange rate risks, market liquidity risks, legal risks, settlement risks, market risks, shareholder risk and creditor risk. Investors should be willing and financially able to accept the risk characteristics of the s described in this document. Equities are subject to market forces and hence fluctuations in value which are not entirely predictable. Fund management company of the funds under Swiss law as well as representative of the funds under Luxembourg law registered for public sale in Switzerland is Credit Suisse Funds AG, Zurich. Custodian Bank of the funds under Swiss law as well as Paying Agent of funds under Luxembourg law registered for public sale in Switzerland is Credit Suisse AG, Zurich. Subscriptions are only valid on the basis of the current sales prospectus and the most recent annual report (or half-yearly report, if this is more recent). The prospectus, the simplified prospectus and/or the Key Investor Information Document (KIID), the management regulations respectively the articles of incorporation and the annual and half-yearly reports may be obtained free of charge from Credit Suisse Funds AG, Zurich or from any branch of Credit Suisse AG in Switzerland. Some es of the above-mentioned fund can only be offered to qualified investors as defined in the CISA (article 10 CISA) and the Collective Investment Schemes Ordinance ("CISO") (article 6 CISO). Over-the-counter ( OTC ) transactions are complex derivative products that are not standardized and not securitized. They are negotiated and traded off-exchange. OTC transactions are not settled via a clearinghouse and have no secondary market. OTC transactions may involve a high degree of risk. They are intended only for investors who understand and are capable of assuming all risks involved. The value of the products depends on the development of the value of the underlying asset and the creditworthiness of the parties, which may change over the lifetime of the products. For Liechtenstein The shares offered are exclusively offered to a limited group of investors, in all cases and under all circumstances designed to preclude a public solicitation in Liechtenstein. This document may not be reproduced or used for any other purpose, nor be furnished to any other person other than those to whom copies have personally been sent. This offer is a private offer, this material and the transactions described therein are therefore not nor have been subject to the review and supervision of the Liechtenstein Financial Market Authority. Copyright 2015 Credit Suisse Group AG and/or its affiliates. All rights reserved. CH/E/201506

Index Solutions A Matter of Weight

Index Solutions A Matter of Weight Index Solutions A Matter of Weight Newsletter No. 11 Our current newsletter is about weight, or more precisely the weighting of equities in an index. Non-market capitalization weighted indices are at present

More information

Annual financial statements, distributions & tax issues

Annual financial statements, distributions & tax issues Portfolio Funds 2087605 CH0020876055 Credit Suisse (CH) Interest & Dividend Focus Balanced CHF A CHF CH 31.12. Distributing 19955038 CH0199550382 Credit Suisse (CH) Interest & Dividend Focus Balanced CHF

More information

Methodology Overview

Methodology Overview BRC Best Picks Methodology Overview May 2016 This structured products referenced do not constitute a participation in a collective investment scheme within the meaning of the Swiss Federal Act on Collective

More information

Depositary Bank Solutions Effective Custody of Fund Assets

Depositary Bank Solutions Effective Custody of Fund Assets 1 Depositary Bank Solutions Effective Custody of Fund Assets Depositary Bank Solutions 4 Fund Domiciles 6 A Solution Package with Many Benefits 8 Depositary Bank Services 10 Contractual Settlement 13 Reimbursement

More information

my Solutions Customized Structured Products and Options

my Solutions Customized Structured Products and Options my Solutions Customized Structured Products and Options credit-suisse.com/mysolutions Structured Products do not constitute participation in a collective investment scheme within the meaning of the Swiss

More information

Multi-Factor Risk Attribution Concept and Uses. CREDIT SUISSE AG, Mary Cait McCarthy, CFA, FRM August 29, 2012

Multi-Factor Risk Attribution Concept and Uses. CREDIT SUISSE AG, Mary Cait McCarthy, CFA, FRM August 29, 2012 Multi-Factor Risk Attribution Concept and Uses Introduction Why do we need risk attribution? What are we trying to achieve with it? What is the difference between ex-post and ex-ante risk? What is the

More information

Risk Management for Fixed Income Portfolios

Risk Management for Fixed Income Portfolios Risk Management for Fixed Income Portfolios Strategic Risk Management for Credit Suisse Private Banking & Wealth Management Products (SRM PB & WM) August 2014 1 SRM PB & WM Products Risk Management CRO

More information

Foreign Exchange Investments Discover the World of Currencies. Private Banking USA

Foreign Exchange Investments Discover the World of Currencies. Private Banking USA Foreign Exchange Investments Discover the World of Currencies Credit Suisse Securities (USA) llc Private Banking USA 2 Foreign exchange: There s no ignoring the largest market in the world. Introduction

More information

Goldman Sachs SICAV Funds. How to Invest Guide

Goldman Sachs SICAV Funds. How to Invest Guide Goldman Sachs SICAV Funds How to Invest Guide Contents Opening an Account 1 General Fund Information 1 Dealing 2 Transfers 2 Confirmations and Statements 3 Bank Details and Settlement 3 Contact 6 Opening

More information

Seeking Alternatives. Senior loans an innovative asset class

Seeking Alternatives. Senior loans an innovative asset class Trends 09 10.11 Seeking Alternatives Senior loans an innovative asset class Dirk Wieringa, Alternative Investments Advisory Senior loans are an innovative asset class that provide a hedge against rising

More information

JB Call Warrants with cash settlement on CHF 3M LIBOR / SFCPD

JB Call Warrants with cash settlement on CHF 3M LIBOR / SFCPD 15 October 2013 Structured Products Tel: +41 (0) 58 888 8181 E-Mail: derivatives@juliusbaer.com Internet: derivatives.juliusbaer.com Term Sheet and Final Terms { JB Call Warrants with cash settlement on

More information

Wealth Management Education Series. Explore the Field of Mutual Funds

Wealth Management Education Series. Explore the Field of Mutual Funds Wealth Management Education Series Explore the Field of Mutual Funds Wealth Management Education Series Explore the Field of Mutual Funds Managing your wealth well is like tending a beautiful formal garden

More information

Asset Management. European Small and Mid Caps Only Those Who Look Closely Are Able to Unearth True Market Potential

Asset Management. European Small and Mid Caps Only Those Who Look Closely Are Able to Unearth True Market Potential Asset Management European Small and Mid Caps Only Those Who Look Closely Are Able to Unearth True Market Potential Summary The European small and mid cap stock segment offers attractive investment opportunities,

More information

Monthly European ETF Market Trends OCTOBER 2015 in brief

Monthly European ETF Market Trends OCTOBER 2015 in brief LYXOR ETF BAROMETER NOVEMBER 215 1 THIS DOCUMENT IS FOR THE E XCLUSIVE USE OF INVESTORS ACTING ON THEIR OWN ACCOUNT AND CATEGORIZED EITHER AS ELIGIBLE COUNTERPARTIES OR PROFESSIONAL CLIENTS WITHIN THE

More information

American Funds Insurance Series Portfolio Series. Prospectus May 1, 2015. American Funds Managed Risk Global Allocation Portfolio

American Funds Insurance Series Portfolio Series. Prospectus May 1, 2015. American Funds Managed Risk Global Allocation Portfolio American Funds Insurance Series Portfolio Series Prospectus May 1, 2015 Class 4 shares American Funds Global Growth Portfolio American Funds Growth and Income Portfolio Class P2 shares American Funds Managed

More information

Explore the Field of Mutual Funds

Explore the Field of Mutual Funds Wealth Management Education Series How can we help you further? Do you have a question on what you have just read? Would you like to have a further discussion on this subject? Contact your Relationship

More information

Greg Flower Wealth Management. Discretionary Wealth Management

Greg Flower Wealth Management. Discretionary Wealth Management Greg Flower Wealth Management Discretionary Wealth Management Disclaimer The information included in this document, including any opinion, is based on various sources believed to be reliable, but its accuracy

More information

MLC MasterKey Unit Trust Product Disclosure Statement (PDS)

MLC MasterKey Unit Trust Product Disclosure Statement (PDS) MLC MasterKey Unit Trust Product Disclosure Statement (PDS) Preparation date 1 July 2014 Issued by MLC Investments Limited (MLC) ABN 30 002 641 661 AFSL 230705 This information is general and doesn t take

More information

Wealth Management Education Series. Explore the Field of Investment Funds

Wealth Management Education Series. Explore the Field of Investment Funds Wealth Management Education Series Explore the Field of Investment Funds Wealth Management Education Series Explore the Field of Investment Funds Managing your wealth well is like tending a beautiful formal

More information

Jupiter Merlin International Equities Portfolio

Jupiter Merlin International Equities Portfolio Jupiter Merlin Funds Jupiter Merlin International Equities Portfolio Jupiter Asset Management Limited Product Key Facts April 2016 Product Key Facts This statement provides you with key information about

More information

ADVISORSHARES YIELDPRO ETF (NASDAQ Ticker: YPRO) SUMMARY PROSPECTUS November 1, 2015

ADVISORSHARES YIELDPRO ETF (NASDAQ Ticker: YPRO) SUMMARY PROSPECTUS November 1, 2015 ADVISORSHARES YIELDPRO ETF (NASDAQ Ticker: YPRO) SUMMARY PROSPECTUS November 1, 2015 Before you invest in the AdvisorShares Fund, you may want to review the Fund s prospectus and statement of additional

More information

GLG INVESTMENTS PLC GLG GLOBAL CONVERTIBLE UCITS FUND SIMPLIFIED PROSPECTUS 6 February 2009

GLG INVESTMENTS PLC GLG GLOBAL CONVERTIBLE UCITS FUND SIMPLIFIED PROSPECTUS 6 February 2009 GLG INVESTMENTS PLC GLG GLOBAL CONVERTIBLE UCITS FUND SIMPLIFIED PROSPECTUS 6 February 2009 This simplified prospectus contains key information in relation to GLG Global Convertible UCITS Fund (the Portfolio

More information

Open End Turbo Put Warrant Linked to DAX Issued by UBS AG, London Branch

Open End Turbo Put Warrant Linked to DAX Issued by UBS AG, London Branch Open End Turbo Put Warrant Linked to DAX Issued by UBS AG, London Branch Cash settled SVSP/EUSIPA Product Type: Knock-Out Warrants (2200) This Product does not represent a participation in any of the collective

More information

Portfolio Bonds. Balanced Growth

Portfolio Bonds. Balanced Growth Portfolio Bonds Balanced Growth SALE PERIOD: 1 June 4 September 2015 INVESTMENT PERIOD: About 6 years REFERENCE ASSETS: 3 equity indices which represent the US, European and Pan Asian markets Portfolio

More information

HSBC World Selection Portfolios The smart way to diversify your customers investments

HSBC World Selection Portfolios The smart way to diversify your customers investments HSBC World Selection Portfolios The smart way to diversify your customers investments 2 A smart way to invest 3 The benefit of diversification 6 How is HSBC World Selection managed? 8 What are the advantages

More information

Income dividend distributions and distribution yields

Income dividend distributions and distribution yields Income dividend distributions and distribution yields Why do they vary from period to period and fund to fund? JULY 2015 Investors often rely on income dividend distributions from mutual funds to satisfy

More information

PRINCIPAL GLOBAL INVESTORS FUNDS. Supplement dated 31 July 2013. for the Long/Short Global Opportunities Equity Fund

PRINCIPAL GLOBAL INVESTORS FUNDS. Supplement dated 31 July 2013. for the Long/Short Global Opportunities Equity Fund PRINCIPAL GLOBAL INVESTORS FUNDS Supplement dated 31 July 2013 for the Long/Short Global Opportunities Equity Fund This Supplement contains specific information in relation to the Long/Short Global Opportunities

More information

Investors in the D share class of the Contributing Fund will be moved into the A1 share class of the Receiving Fund

Investors in the D share class of the Contributing Fund will be moved into the A1 share class of the Receiving Fund Schroder Alternative Solutions Société d'investissement à Capital Variable 5, rue Höhenhof, L-1736 Senningerberg Grand Duchy of Luxembourg Tel : (+352) 341 342 202 Fax : (+352) 341 342 342 18 May 2016

More information

Name changes of Credit Suisse Asset Management Funds

Name changes of Credit Suisse Asset Management Funds Switzerland Name changes of Credit Suisse Asset Management Funds 25.08.2014 As of 25.08.2014 Old umbrella name: Credit Suisse SICAV (Lux) New umbrella name: Credit Suisse Investment Funds 5* Credit Suisse

More information

Index Options Beginners Tutorial

Index Options Beginners Tutorial Index Options Beginners Tutorial 1 BUY A PUT TO TAKE ADVANTAGE OF A RISE A diversified portfolio of EUR 100,000 can be hedged by buying put options on the Eurostoxx50 Index. To avoid paying too high a

More information

Vote for growth, seize US equities potential. For professional investors

Vote for growth, seize US equities potential. For professional investors Vote for growth, seize US equities potential For professional investors Vote for growth, seize US equities potential I October 2012 I 2 Why US EquitieS at BNP Paribas Investment Partners? A strong history

More information

Chamber of Commerce Swiss - Israel Financing Swiss Commercial Properties Changing Environment

Chamber of Commerce Swiss - Israel Financing Swiss Commercial Properties Changing Environment Chamber of Commerce Swiss - Israel Financing Swiss Commercial Properties Changing Environment Daniel Ph. Niggli, Real Estate Lending EMEA March 29, 2012 Real Estate Investments in Switzerland Real Estate

More information

Monthly European ETF Market Trends SEPTEMBER 2015 in brief

Monthly European ETF Market Trends SEPTEMBER 2015 in brief LYXOR ETF BAROMETER OCTOBER 215 1 THIS DOCUMENT IS FOR THE E XCLUSIVE USE OF INVESTORS ACTING ON THEIR OWN ACCOUNT AND CATEGORIZED EITHER AS ELIGIBLE COUNTERPARTIES OR PROFESSIONAL CLIENTS WITHIN THE ME

More information

DWS (CH) Money Market Umbrella Fund

DWS (CH) Money Market Umbrella Fund DWS (CH) Money Market Umbrella Fund Simplified Prospectus Umbrella fund under Swiss law (Type Other funds for traditional investments ) June 2012 Simplified prospectus as of June 2012 Simplified prospectus

More information

ANZ ETFS S&P/ASX 300 HIGH YIELD PLUS ETF. (ASX Code: ZYAU)

ANZ ETFS S&P/ASX 300 HIGH YIELD PLUS ETF. (ASX Code: ZYAU) ANZ ETFS S&P/ASX 300 HIGH YIELD PLUS ETF (ASX Code: ZYAU) INVESTMENT BUILDING BLOCKS FOR A CHANGING WORLD Introducing a suite of innovative exchange traded funds (ETFs) designed for Australian investors

More information

Davy Defensive High Yield Fund from New Ireland

Davy Defensive High Yield Fund from New Ireland Davy Asset Management For Financial Advisors Only Davy Defensive High Yield Fund from New Ireland Davy Asset Management is regulated by the Central Bank of Ireland. Exposure to: equity-market type returns

More information

Credit Suisse Structured Products

Credit Suisse Structured Products 16 June 2016 All terms and conditions are indicative and will be confirmed until the Issue Date, if and when issued. Indicative Selected Key Parameters Telephone Contact: +41 (0)44 335 76 00 Conversations

More information

Answers to Concepts in Review

Answers to Concepts in Review Answers to Concepts in Review 1. Puts and calls are negotiable options issued in bearer form that allow the holder to sell (put) or buy (call) a stipulated amount of a specific security/financial asset,

More information

Seek Opportunity in Lower Starting Valuations While Avoiding Crowded Trades

Seek Opportunity in Lower Starting Valuations While Avoiding Crowded Trades Seek Opportunity in Lower Starting Valuations While Avoiding Crowded Trades Developed Market (DM) Valuations Remain Attractive Developed Market (ex US) valuations remain attractive relative to history

More information

JB Certificates and Warrants on Interest Rates in EUR, USD and CHF

JB Certificates and Warrants on Interest Rates in EUR, USD and CHF JB Certificates and Warrants on Interest Rates in EUR, USD and CHF Efficient instruments to hedge bonds, mortgages and lombard loans against rising interest rates Zurich, 2013 Content Table Embedded risks

More information

SSgA World Index Equity Fund. SIMPLIFIED PROSPECTUS SECTION A LEGAL

SSgA World Index Equity Fund. SIMPLIFIED PROSPECTUS SECTION A LEGAL Mutual fund in compliance with European regulations SSgA World Index Equity Fund. SIMPLIFIED PROSPECTUS SECTION A LEGAL Summary: Name: SSgA World Index Equity Fund. Legal form: French open-ended investment

More information

March 2015. Investment policy. CH, DE, AT, IT, FR, FL and LU edition

March 2015. Investment policy. CH, DE, AT, IT, FR, FL and LU edition March 2015 Investment policy CH, DE, AT, IT, FR, FL and LU edition Further expansion of the equity exposure in Europe and the emerging countries. The Swisscanto equities barometer 0 neutral allocation

More information

Turbo Call Warrant Linked to Goldman Sachs Issued by UBS AG, London Branch

Turbo Call Warrant Linked to Goldman Sachs Issued by UBS AG, London Branch Turbo Call Warrant Linked to Goldman Sachs Issued by UBS AG, London Branch Cash settled SVSP/EUSIPA Product Type: Knock-Out Warrants (2200) This Product does not represent a participation in any of the

More information

The Pinnacle Funds. Simplified Prospectus. December 11, 2009 Class A and Class F units and Class I units where noted. Money Market Fund.

The Pinnacle Funds. Simplified Prospectus. December 11, 2009 Class A and Class F units and Class I units where noted. Money Market Fund. The Pinnacle Funds Simplified Prospectus December 11, 2009 Class A and Class F units and Class I units where noted Money Market Fund Pinnacle Short Term Income Fund Bond Funds Pinnacle Income Fund Pinnacle

More information

Market Linked Certificates of Deposit

Market Linked Certificates of Deposit Market Linked Certificates of Deposit This material was prepared by Wells Fargo Securities, LLC, a registered brokerdealer and separate non-bank affiliate of Wells Fargo & Company. This material is not

More information

Commodities not finding much traction despite USD weakness

Commodities not finding much traction despite USD weakness Commodities not finding much traction despite USD weakness Commodities continued to show weakness into the second week of 2013 despite rising stock markets and a falling US dollar. Investors are generally

More information

SLVO Silver Shares Covered Call ETN

SLVO Silver Shares Covered Call ETN Filed pursuant to Rule 433 Registration Statement No. 333-180300-03 April 15, 2014 SLVO Silver Shares Covered Call ETN Credit Suisse AG, Investor Solutions April 2014 Executive Summary Credit Suisse Silver

More information

Why ECB QE is Negative for Commodities. Investment Research & Advisory. Deltec International Group

Why ECB QE is Negative for Commodities. Investment Research & Advisory. Deltec International Group Atul Lele alele@deltecinv.com +1 242 302 4135 David Munoz dmunoz@deltecinv.com +1 242 302 4106 David Frazer dfrazer@deltecinv.com +1 242 302 4156 Why ECB QE is Negative for Commodities Recent ECB Quantitative

More information

Introduction to Convertible Debentures

Introduction to Convertible Debentures Introduction to Convertible Debentures Intro to Convertible Debentures March, 2009 Convertible debentures are hybrid securities which offer advantages of both bonds and equities. Like ordinary bonds they

More information

ANZ ETFS PHYSICAL RENMINBI ETF. (ASX Code: ZCNH)

ANZ ETFS PHYSICAL RENMINBI ETF. (ASX Code: ZCNH) ANZ ETFS PHYSICAL RENMINBI ETF (ASX Code: ZCNH) INVESTMENT BUILDING BLOCKS FOR A CHANGING WORLD Introducing a suite of innovative exchange traded funds (ETFs) designed for Australian investors by ANZ

More information

The Lombard Loan Your Bridge to Financial Flexibility

The Lombard Loan Your Bridge to Financial Flexibility The Lombard Loan Your Bridge to Financial Flexibility Private Banking Investment Banking Asset Management The Lombard Loan. An Attractive and Flexible Financing Opportunity for You. Are you in need of

More information

Complex Products. Non-Complex Products. General risks of trading

Complex Products. Non-Complex Products. General risks of trading We offer a wide range of investments, each with their own risks and rewards. The following information provides you with a general description of the nature and risks of the investments that you can trade

More information

LVIP Dimensional Non-U.S. Equity RPM Fund. Summary Prospectus April 30, 2013

LVIP Dimensional Non-U.S. Equity RPM Fund. Summary Prospectus April 30, 2013 LVIP Dimensional Non-U.S. Equity RPM Fund (formerly LVIP Dimensional Non-U.S. Equity Fund) (Standard and Service Class) Summary Prospectus April 30, 2013 Before you invest, you may want to review the Fund

More information

BMO Global Asset Management (Asia) Limited 11 February 2016

BMO Global Asset Management (Asia) Limited 11 February 2016 Product Key Facts BMO MSCI EUROPE QUALITY HEDGED TO USD ETF BMO Global Asset Management (Asia) Limited 11 February 2016 Quick facts This is an exchange traded fund. This statement provides you with key

More information

3 Year Note Linked To WTI Crude Oil Simplified Prospectus, 15 August 2013

3 Year Note Linked To WTI Crude Oil Simplified Prospectus, 15 August 2013 1 PRODUCT DESCRIPTION This 3 Year Note / is a USD denominated Note linked to WTI Crude Oil (the Underlying ) (the Note ). The Note offers the investor quarterly Coupons linked to the 3M USD Libor rate

More information

SUMMARY PROSPECTUS. TCW High Yield Bond Fund FEBRUARY 29 I SHARE: TGHYX N SHARE: TGHNX

SUMMARY PROSPECTUS. TCW High Yield Bond Fund FEBRUARY 29 I SHARE: TGHYX N SHARE: TGHNX TCW High Yield Bond Fund I SHARE: TGHYX N SHARE: TGHNX 20 6 FEBRUARY 29 SUMMARY PROSPECTUS Before you invest, you may want to review the Fund s Prospectus which contain more information about the Fund

More information

Swiss Risk Disclosure - Characteristics and Risks of Options

Swiss Risk Disclosure - Characteristics and Risks of Options This is a sample form and will not submit any information. Swiss Risk Disclosure for Options Print Swiss Risk Disclosure - Characteristics and Risks of Options 1. Characteristics 1.1 Definitions 1.1.1

More information

PWM Structured Solutions. May 2011

PWM Structured Solutions. May 2011 PWM Structured Solutions May 2011 Payout at (%) Euro Put Option Iterations Key Features Hypothetical Payoff at (assuming 5.64% premium) Trade: Client Buys European Style OTC Put Option Underlyer: EURUSD

More information

ORBIS SICAV ORBIS SICAV. Introductory ORBIS BOOKLET GLOBAL BALANCED FUND

ORBIS SICAV ORBIS SICAV. Introductory ORBIS BOOKLET GLOBAL BALANCED FUND ORBIS SICAV ORBIS SICAV Introductory BOOKLET ORBIS GLOBAL BALANCED FUND ORBIS SICAV Société d Investissement à Capital Variable, R.C.S. Luxembourg B 90 049 Registered Office Orbis SICAV 31, Z.A. Bourmicht

More information

Registered country information Vanguard Investment Series plc and Vanguard Funds plc

Registered country information Vanguard Investment Series plc and Vanguard Funds plc Registered country information Vanguard Investment Series plc and Vanguard Funds plc The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.

More information

ANZ ETFS PHYSICAL US DOLLAR ETF. (ASX Code: ZUSD)

ANZ ETFS PHYSICAL US DOLLAR ETF. (ASX Code: ZUSD) ANZ ETFS PHYSICAL US DOLLAR ETF (ASX Code: ZUSD) INVESTMENT BUILDING BLOCKS FOR A CHANGING WORLD Introducing a suite of innovative exchange traded funds (ETFs) designed for Australian investors by ANZ

More information

(expenses that you pay each year as a percentage of the value of your investment)

(expenses that you pay each year as a percentage of the value of your investment) July 31, 2015 SUMMARY PROSPECTUS SAAT Core Market Strategy Allocation Fund (SKTAX) Class A Before you invest, you may want to review the Fund s prospectus, which contains information about the Fund and

More information

EQUINOX ANNOUNCES LAUNCH OF EQUINOX EQUITYHEDGE U.S. STRATEGY FUND A DYNAMICALLY-HEDGED, ACTIVELY MANAGED EQUITY MUTUAL FUND

EQUINOX ANNOUNCES LAUNCH OF EQUINOX EQUITYHEDGE U.S. STRATEGY FUND A DYNAMICALLY-HEDGED, ACTIVELY MANAGED EQUITY MUTUAL FUND EQUINOX ANNOUNCES LAUNCH OF EQUINOX EQUITYHEDGE U.S. STRATEGY FUND A DYNAMICALLY-HEDGED, ACTIVELY MANAGED EQUITY MUTUAL FUND PRINCETON, NJ, October 2, 2013 Equinox Financial Group, LLC ( Equinox ), a leading

More information

What are you looking for in a European equity fund?

What are you looking for in a European equity fund? What are you looking for in a European equity fund? Discover what Capital Group European Growth and Income Fund (LUX) could offer. FOR PROFESSIONAL INVESTORS ONLY Morningstar Category: Europe Large-Cap

More information

BT Balanced Equity Income Fund

BT Balanced Equity Income Fund BT Balanced Equity Income Fund Product Disclosure Statement (PDS) Issued 26 September 2012 Contents 1 About BT Investment Management (RE) Limited 2 How the BT Balanced Equity Income Fund works 3 Benefits

More information

Floating Rate Reverse Convertible on CHF 30Y Swap CHF Libor 3m + 2.20% p.a. Coupon 50.00% Strike

Floating Rate Reverse Convertible on CHF 30Y Swap CHF Libor 3m + 2.20% p.a. Coupon 50.00% Strike Final Termsheet Public Offering: CH Yield-Enhancement Products SSPA Product Type: 1220 Floating Rate Reverse Convertible on CHF 30Y Swap CHF Libor 3m + 2.20% p.a. Coupon 50.00% Strike Final Fixing Date

More information

Wealth Management Solutions

Wealth Management Solutions Wealth Management Solutions Invest in the Future Life has significant moments. Making sure you re prepared for them is important. But what can you do when the pace of your life leaves you little time to

More information

Nuveen Tactical Market Opportunities Fund

Nuveen Tactical Market Opportunities Fund Nuveen Tactical Market Opportunities Fund Summary Prospectus January 29, 2016 Ticker: Class A NTMAX, Class C NTMCX, Class I FGTYX This summary prospectus is designed to provide investors with key Fund

More information

Balanced Fund RPBAX. T. Rowe Price SUMMARY PROSPECTUS

Balanced Fund RPBAX. T. Rowe Price SUMMARY PROSPECTUS SUMMARY PROSPECTUS RPBAX May 1, 2016 T. Rowe Price Balanced Fund A fund seeking capital growth and current income through a portfolio of approximately 65% stocks and 35% fixed income securities. Before

More information

Swiss Real Estate Funds A Tried-And-Tested Asset Class. Compact

Swiss Real Estate Funds A Tried-And-Tested Asset Class. Compact Swiss Real Estate Funds A Tried-And-Tested Asset Class Compact The Swiss Funds & Asset Management Association SFAMA (SFAMA), which was established in 1992 with its registered office in Basel, is the representative

More information

FREE MARKET U.S. EQUITY FUND FREE MARKET INTERNATIONAL EQUITY FUND FREE MARKET FIXED INCOME FUND of THE RBB FUND, INC. PROSPECTUS.

FREE MARKET U.S. EQUITY FUND FREE MARKET INTERNATIONAL EQUITY FUND FREE MARKET FIXED INCOME FUND of THE RBB FUND, INC. PROSPECTUS. FREE MARKET U.S. EQUITY FUND FREE MARKET INTERNATIONAL EQUITY FUND FREE MARKET FIXED INCOME FUND of THE RBB FUND, INC. PROSPECTUS December 31, 2014 Investment Adviser: MATSON MONEY, INC. 5955 Deerfield

More information

Exchange Traded Funds A Brief Introduction

Exchange Traded Funds A Brief Introduction Exchange Traded Funds A Brief Introduction spdrs.com What You Need to Know about ETFs ETF Basics Potential Benefits of ETFs ETFs versus Mutual Funds The Role of ETFs in Your Portfolio Our Next Steps Frequently

More information

Investing in Dividend Paying Stocks

Investing in Dividend Paying Stocks For Financial Broker or Advisor use only. Investing in Dividend Paying Stocks Brochure Do you know the only thing that gives me pleasure? It s to see my dividends coming in. John D. Rockefeller 2 Contents

More information

EATON VANCE HEXAVEST GLOBAL EQUITY FUND Supplement to Summary Prospectus dated December 1, 2015

EATON VANCE HEXAVEST GLOBAL EQUITY FUND Supplement to Summary Prospectus dated December 1, 2015 EATON VANCE HEXAVEST GLOBAL EQUITY FUND Supplement to Summary Prospectus dated December 1, 2015 1. The following replaces Fees and Expenses of the Fund : Fees and Expenses of the Fund This table describes

More information

T. Rowe Price Target Retirement 2030 Fund Advisor Class

T. Rowe Price Target Retirement 2030 Fund Advisor Class T. Rowe Price Target Retirement 2030 Fund Advisor Class Supplement to Summary Prospectus Dated October 1, 2015 Effective February 1, 2016, the T. Rowe Price Mid-Cap Index Fund and the T. Rowe Price Small-Cap

More information

Search. Market efficiency. Bonds. Sideways. Low-interest climate. Hold. Safety

Search. Market efficiency. Bonds. Sideways. Low-interest climate. Hold. Safety Asset Management Equities Only Those Who Look Closely Are Able to Unearth True Market Potential Upwards Sideways Niches Market efficiency Low-interest climate Alternatives Hold Invest Safety Opportunities

More information

LONG TERM INVESTMENT FUND (SIA)

LONG TERM INVESTMENT FUND (SIA) November 2010 Simplified Prospectus LONG TERM INVESTMENT FUND (SIA) LONG TERM INVESTMENT FUND (SIA) Natural Resources* Important Information Investment objective Investment policy This simplified prospectus

More information

Tracker Certificate on Solactive Cloud Computing Performance-Index

Tracker Certificate on Solactive Cloud Computing Performance-Index BRANDSCHENKESTRASSE 90, CH-8002 ZÜRICH +41 58 800 1111 TERMSHEET@EFGFP.COM WWW.EFGFP.COM Final Termsheet Participation-Products SSPA Product Type: 1300 Tracker Certificate on Solactive Cloud Computing

More information

9 Questions Every ETF Investor Should Ask Before Investing

9 Questions Every ETF Investor Should Ask Before Investing 9 Questions Every ETF Investor Should Ask Before Investing 1. What is an ETF? 2. What kinds of ETFs are available? 3. How do ETFs differ from other investment products like mutual funds, closed-end funds,

More information

12.00% p.a. USD Kick-In GOAL Linked to worst of Facebook / Google / Twitter Issued by UBS AG, London Branch

12.00% p.a. USD Kick-In GOAL Linked to worst of Facebook / Google / Twitter Issued by UBS AG, London Branch 12.00% p.a. USD Kick-In GOAL Linked to worst of Facebook / Google / Twitter Issued by UBS AG, London Branch Cash settled SVSP/EUSIPA Product Type: Barrier Reverse Convertible (1230) / SIX Symbol: KAAAFU

More information

Who Should Consider Using Covered Calls?

Who Should Consider Using Covered Calls? Who Should Consider Using Covered Calls? An investor who is neutral to moderately bullish on some of the equities in his portfolio. An investor who is willing to limit upside potential in exchange for

More information

Understanding mutual fund share classes, fees and certain risk considerations

Understanding mutual fund share classes, fees and certain risk considerations Disclosure Understanding mutual fund share classes, fees and certain risk considerations Highlights Mutual funds may offer different share classes most commonly in retail brokerage accounts, Class A, B

More information

Strategy Certificates Linked to Agriculture Strategy Basket Issued by UBS AG

Strategy Certificates Linked to Agriculture Strategy Basket Issued by UBS AG Strategy Certificates Linked to Agriculture Strategy Basket Issued by UBS AG Cash settled SVSP Product Type: Tracker Certificates (1300) ; ISIN: CH0125701885 Increased by 200 000 Units to 500 000 Units

More information

UBS Structured Products More opportunities for your money.

UBS Structured Products More opportunities for your money. UBS Structured Products More opportunities for your money. Swiss Edition Structured products offer attractive investment alternatives. Structured products have developed from a niche product to an established

More information

SPDR S&P 500 Low Volatility UCITS ETF

SPDR S&P 500 Low Volatility UCITS ETF SSGA SPDR ETFs Europe I Plc 2 November 2015 SPDR S&P 500 Low Volatility UCITS ETF Supplement No. 32 (A sub-fund of SSGA SPDR ETFs Europe I plc (the Company ) an open-ended investment company constituted

More information

ETFs and Index Funds. Similarities and Differences. For professional clients only

ETFs and Index Funds. Similarities and Differences. For professional clients only ETFs and Index Funds Similarities and Differences For professional clients only Most Exchange Traded Funds (ETFs) and index tracker funds share a common aim. That is, to match the performance of the index

More information

Web. Chapter FINANCIAL INSTITUTIONS AND MARKETS

Web. Chapter FINANCIAL INSTITUTIONS AND MARKETS FINANCIAL INSTITUTIONS AND MARKETS T Chapter Summary Chapter Web he Web Chapter provides an overview of the various financial institutions and markets that serve managers of firms and investors who invest

More information

Schroder International Selection Fund Emerging Markets Debt Absolute Return (the Fund )

Schroder International Selection Fund Emerging Markets Debt Absolute Return (the Fund ) Prepared on: 9 October 2015 This Product Highlights Sheet is an important document. It highlights the key terms and risks of this investment product and complements the Singapore Prospectus (the Prospectus

More information

Hedging Strategies Using Futures. Chapter 3

Hedging Strategies Using Futures. Chapter 3 Hedging Strategies Using Futures Chapter 3 Fundamentals of Futures and Options Markets, 8th Ed, Ch3, Copyright John C. Hull 2013 1 The Nature of Derivatives A derivative is an instrument whose value depends

More information

A Guide To DEFINED FOCUSED DISCIPLINED

A Guide To DEFINED FOCUSED DISCIPLINED A Guide To F I R S T T R U S T U N I T I N V E S T M E N T T R U S T S DEFINED FOCUSED DISCIPLINED W H A T I S A U N I T I N V E S T M E N T T R U S T? U I T F E A T U R E S A unit investment trust or

More information

General Risk Disclosure

General Risk Disclosure General Risk Disclosure Colmex Pro Ltd (hereinafter called the Company ) is an Investment Firm regulated by the Cyprus Securities and Exchange Commission (license number 123/10). This notice is provided

More information

Strength Across the Board Investment Excellence in Fixed Income 30 June 2015

Strength Across the Board Investment Excellence in Fixed Income 30 June 2015 Strength Across the Board Investment Excellence in Fixed Income 30 June 205 Recognising the strength and depth of our Fixed Income range across Europe, the US and Emerging Markets CLASS I EUR Performance

More information

ADDITIONAL (ASX DESCRIPTION CODE: ZGOL) AND THE DATE

ADDITIONAL (ASX DESCRIPTION CODE: ZGOL) AND THE DATE HEADLINE GOES ANZ HERE ETFS PHYSICAL ONE LINE GOLD OR TWO ETF ADDITIONAL (ASX DESCRIPTION CODE: ZGOL) AND THE DATE THE EXCHANGE TRADED FUND THAT S AS GOOD AS GOLD 1 WHAT IS ANZ ETFS PHYSICAL GOLD ETF?

More information

TRANSAMERICA SERIES TRUST Transamerica Vanguard ETF Portfolio Conservative VP. Supplement to the Currently Effective Prospectus and Summary Prospectus

TRANSAMERICA SERIES TRUST Transamerica Vanguard ETF Portfolio Conservative VP. Supplement to the Currently Effective Prospectus and Summary Prospectus TRANSAMERICA SERIES TRUST Transamerica Vanguard ETF Portfolio Conservative VP Supplement to the Currently Effective Prospectus and Summary Prospectus * * * The following replaces in their entirety the

More information

Monthly European ETF Market Trends AUGUST 2015 in brief

Monthly European ETF Market Trends AUGUST 2015 in brief LYXOR ETF BAROMETER SEPTEMBRE 215 1 THIS DOCUMENT IS FOR THE E XCLUSIVE USE OF INVESTORS ACTING ON THEIR OWN ACCOUNT AND CATEGORIZED EITHER AS ELIGIBLE COUNTERPARTIES OR PROFESSIONAL CLIENTS WITHIN THE

More information

Risks involved with futures trading

Risks involved with futures trading Appendix 1: Risks involved with futures trading Before executing any futures transaction, the client should obtain information on the risks involved. Note in particular the risks summarized in the following

More information

Chapter 16: Financial Risk Management

Chapter 16: Financial Risk Management Chapter 16: Financial Risk Management Introduction Overview of Financial Risk Management in Treasury Interest Rate Risk Foreign Exchange (FX) Risk Commodity Price Risk Managing Financial Risk The Benefits

More information

Reverse Exchangeables

Reverse Exchangeables Structured Investments Solution Series Volume III: Reverse Exchangeables Earn Higher Yields with Contingent Principal Protection REVERSE EXCHANGEABLES Introduction FOCUSING ON YOUR FINANCIAL GOALS can

More information

How Hedging Can Substantially Reduce Foreign Stock Currency Risk

How Hedging Can Substantially Reduce Foreign Stock Currency Risk Possible losses from changes in currency exchange rates are a risk of investing unhedged in foreign stocks. While a stock may perform well on the London Stock Exchange, if the British pound declines against

More information

Basic Investment Education

Basic Investment Education Disclaimer: The information provided below is for information purposes only - it is not investment advice. If you have any questions about your own personal financial situation, you should consult with

More information