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Author: Mr.Shaun K. Roache
Publisher: International Monetary Fund
ISBN: 1451872372
Category : Business & Economics
Languages : en
Pages : 39
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Book Description
Long-term investors face a common problem-how to maintain the purchasing power of their assets over time and achieve a level of real returns consistent with their investment objectives. While inflation-linked bonds and derivatives have been developed to hedge the effects of inflation, their limited supply and liquidity lead many investors to continue to rely on the indirect hedging properties of traditional asset classes. In this paper, we assess these properties over different time horizons, in the context of a diversified portfolio. Using a vector error correction model, we find that effective short-run hedges, such as commodities, may not work over longer horizons and that tactical asset allocation could enhance investment returns following inflation surprises.
Author: Mr.Shaun K. Roache
Publisher: International Monetary Fund
ISBN: 1451872372
Category : Business & Economics
Languages : en
Pages : 39
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Book Description
Long-term investors face a common problem-how to maintain the purchasing power of their assets over time and achieve a level of real returns consistent with their investment objectives. While inflation-linked bonds and derivatives have been developed to hedge the effects of inflation, their limited supply and liquidity lead many investors to continue to rely on the indirect hedging properties of traditional asset classes. In this paper, we assess these properties over different time horizons, in the context of a diversified portfolio. Using a vector error correction model, we find that effective short-run hedges, such as commodities, may not work over longer horizons and that tactical asset allocation could enhance investment returns following inflation surprises.
Author: Robert Greer
Publisher: McGraw Hill Professional
ISBN: 0071483330
Category : Business & Economics
Languages : en
Pages : 314
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Book Description
Authoritative chapters written by executives at Goldman Sachs, PIMCO, the Chicago Mercantile Exchange, and others Covers key assets that protect against inflation--real estate, commodities, precious metals, inflation-linked bonds, CPI futures, and timber
Author: Robert Greer
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Batyr Komurzoev
Publisher:
ISBN:
Category :
Languages : en
Pages : 306
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Book Description
Inflation is an inevitable part of the current economic and financial system. While the rates of inflation might be different among countries, depending on the management of the economy, one thing common about inflation in various countries is its persistency. The persistency of inflation can only be due to the continuous increase in the money supply at a rate higher than the production of goods and services, which is a common feature of the fiat monetary system that the world economies have adopted today. Faced with continuous inflation, individuals and businesses are forced to hedge against inflation by investing in various assets, rather than keeping their wealth in the form of cash. The current study adopts OLS analysis and cointegration techniques to test gold, real estate and stocks as a hedge against inflation, using quarterly data of six countries for the period from 1991 to 2008. The assets are selected as proxies of both real and financial assets while countries are selected with the objective of presenting countries with different rates of financial and economic development in order to analyze and compare the performance of each asset as a hedge against inflation. The results of the empirical analysis indicate that gold is a good hedge against inflation in most of the cases as compared to real estate and stocks. It performs well as an inflation hedge in both developed and developing economies, but in long run only. Real estate, on the other hand, presents a good inflation hedge in developing countries and mostly in the long run, while stocks as a hedge against inflation performed well in developed countries and mostly in the short run only.
Author: Jessica James
Publisher: Walter de Gruyter GmbH & Co KG
ISBN: 3110787423
Category : Business & Economics
Languages : en
Pages : 132
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Book Description
Disruptions in supply chains and consumption patterns triggered by the pandemic together with stimulus packages and the energy crisis have catapulted inflation rates to levels last seen in the 1970s. For inflation markets, it’s hard to understate this sudden and enormous change in fortunes. Understanding the future evolution of consumer prices has become crucial for investors across all asset classes as central banks tailor their policy responses with a view to anchoring inflation expectations. Inflation-Linked Bonds and Derivatives condenses more than 15 years of dedicated coverage of inflation markets. It provides investors, issuers and policy makers with all the relevant tools to navigate inflation markets, starting with the nuts and bolts of consumer price indices, forwards, carry and trading strategies, to advanced topics like seasonality adjustments and the use of inflation options. With its many illustrative graphs and tabulated data, this exceptional book will benefit traders, corporate treasury departments, fixed income investors, insurance companies and pension funds executives.
Author: Frank Parker Stockbridge
Publisher:
ISBN:
Category : Currency question
Languages : en
Pages : 104
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Book Description
Author: Yu Li
Publisher:
ISBN:
Category : Bonds
Languages : en
Pages : 49
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Book Description
Author: Ben Carlson
Publisher: John Wiley & Sons
ISBN: 1119024927
Category : Business & Economics
Languages : en
Pages : 231
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Book Description
A simple guide to a smarter strategy for the individual investor A Wealth of Common Sense sheds a refreshing light on investing, and shows you how a simplicity-based framework can lead to better investment decisions. The financial market is a complex system, but that doesn't mean it requires a complex strategy; in fact, this false premise is the driving force behind many investors' market "mistakes." Information is important, but understanding and perspective are the keys to better decision-making. This book describes the proper way to view the markets and your portfolio, and show you the simple strategies that make investing more profitable, less confusing, and less time-consuming. Without the burden of short-term performance benchmarks, individual investors have the advantage of focusing on the long view, and the freedom to construct the kind of portfolio that will serve their investment goals best. This book proves how complex strategies essentially waste these advantages, and provides an alternative game plan for those ready to simplify. Complexity is often used as a mechanism for talking investors into unnecessary purchases, when all most need is a deeper understanding of conventional options. This book explains which issues you actually should pay attention to, and which ones are simply used for an illusion of intelligence and control. Keep up with—or beat—professional money managers Exploit stock market volatility to your utmost advantage Learn where advisors and consultants fit into smart strategy Build a portfolio that makes sense for your particular situation You don't have to outsmart the market if you can simply outperform it. Cut through the confusion and noise and focus on what actually matters. A Wealth of Common Sense clears the air, and gives you the insight you need to become a smarter, more successful investor.
Author: William Joseph Baxter
Publisher:
ISBN:
Category : Finance, Personal
Languages : en
Pages : 79
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Book Description
Author: Beverley Hillsdon
Publisher:
ISBN: 9780858010802
Category : Hedging (Finance)
Languages : en
Pages : 49
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Book Description
