Alternative Investment and its Role in Asset Allocation

• Main Authors: chao-jung chen, 陳昭蓉
• Other Authors: Tzu-Kuan Chiu
• Format: Others
• Language: zh-TW
• Published: 2009
• Online Access: http://ndltd.ncl.edu.tw/handle/24781049364779020707

碩士 === 國立中央大學 === 財務金融學系碩士在職專班 === 97 === This essay will first give an outline on asset allocation and its procedure and method. Then, the sorting and allocation ratio of the asset will be analyzed. Cash/savings, fixed profits, stock, real estate and alternative investments will also be discussed. The conclusion is that popular structured notes should belong to alternative investment. The wrong sorting of the structured notes and the misconception of the asset allocation are the sources of the marketing dispute of the structured notes. Next, ETFS, REITs, structured notes and other alternative investments related commodities from stock, real estates and alternative investments will be discussed. The focus will be on the important process of assets allocation: how to select appropriate investment commodities. Finally, a case study on one particular structured note will be presented. It shows possible problems caused by applying structured notes, a familiar alternative investment by Taiwanese people, on asset allocation. The challenge and opportunity on developing asset management in Taiwan will also be discussed. Suggestions on how structured notes should be developed and how to regulate and monitor the development will be given in the conclusion.