Fixed Coupon Note: High Returns And Low Risk
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A01=Rajiv Aggarwal
Author_Rajiv Aggarwal
Autocallables
Bonds
Category=KFFM
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Equity
Fixed Income
Index
Investment Bank
Investments
Investors
Phoenix Note
Reverse Convertibles
Structured Products
Wealth Management
Product details
- ISBN 9789811225031
- Publication Date: 02 Dec 2020
- Publisher: World Scientific Publishing Co Pte Ltd
- Publication City/Country: SG
- Product Form: Hardback
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Equities are generally perceived to be more volatile than fixed income investments. Many risk averse investors are unable to digest the daily ups and downs in the prices of equities. They also feel that, from a historical perspective, equities are overpriced and thus are not comfortable taking equity positions at current valuations.On the other hand, global interest rates have been on a decline from the 1970s when inflation was finally under control by central banks. This decline in interest rates means that investors have to live with lower nominal returns. Since the Global Financial Crisis of 2008, many investors have been feeling left out of the equity markets.Fixed Coupon Notes (FCNs) are quasi-equity and quasi-bond structures which aim to provide higher returns than bonds with lower risks compared to equities. Moreover, they also provide an avenue to enter equities at reasonable prices and acceptable valuations. Being the most popular structured product in Asia, there is sufficient institutional experience about the product. This book aims to provide the basics as well as the nuances of investing in FCNs so that an investor not only understands the concepts behind the product, but is also able to avoid common pitfalls.
