Publicação
Investment policy statement for individual investors : Mr. João Vieira
| Resumo: | This Master’s Final Work (MFW) presents an Investment Policy Statement (IPS) for an individual investor, Mr. João Vieira, authored by António Fernandes. The IPS is designed to address the client’s return objectives, risk constraints, and specific circumstances. The main components include the investment philosophy, strategic asset allocation, strategic security selection, specific portfolio characterization, and risk analysis. The client's investment objectives focus on achieving a specific amount for his retirement and his son’s future education. A balance between capital preservation and growth, adhering to a moderately aggressive risk tolerance is also a main goal. The return target is set in alignment with Mr. João Vieira goals and with his sustainability concerns, which has led to the inclusion of sustainability related criteria when selectin the assets to invest. This implied that the risk management approach implies the existence of specific constraints, which are outlined, to avoid non-regulated assets and leverage. The investment philosophy adopted emphasizes a disciplined, long-term approach, integrating growth investing approach with the integration of Environmental Social and Governance (ESG) factors. The strategic asset allocation is crafted to align with the client's financial goals, risk appetite and specific constraints. A detailed portfolio characterization includes the selection of equities and fixed-income securities, screened through ESG criteria and growth strategies. The final portfolio composition is expected to deliver robust performance metrics, with an average annualized return target and risk measures articulated clearly. Risk analysis encompasses both qualitative and quantitative assessments, utilizing metrics such as Value-at-Risk (VaR) and Expected Shortfall to gauge potential downturns and the overall risk exposure of the portfolio. |
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| Autores principais: | Fernandes, António Manuel Lopes |
| Assunto: | Asset Management Portfolio Theory IPS Individual Investor Risk Management Strategic Asset Allocation Modern Portfolio Theory Mean-Variance Optimization ESG Criteria Growth Strategy Value-at-Risk Expected Shortfall Information Ratio Sortino Ration Risk Matrix Gestão de ativos Teoria do Portfolio IPS Investidor Individual Gestão de riscos Alocação Estratégica de Ativos Teoria Moderna do Portfolio Otimização de Média-Variância Critérios ESG Estratégia de crescimento Valor em risco Défice Esperado Rácio de Informação Rácio de Sortino Matriz de Risco |
| Ano: | 2024 |
| País: | Portugal |
| Tipo de documento: | dissertação de mestrado |
| Tipo de acesso: | acesso restrito |
| Instituição associada: | Universidade de Lisboa |
| Idioma: | inglês |
| Origem: | Repositório da Universidade de Lisboa |
| Resumo: | This Master’s Final Work (MFW) presents an Investment Policy Statement (IPS) for an individual investor, Mr. João Vieira, authored by António Fernandes. The IPS is designed to address the client’s return objectives, risk constraints, and specific circumstances. The main components include the investment philosophy, strategic asset allocation, strategic security selection, specific portfolio characterization, and risk analysis. The client's investment objectives focus on achieving a specific amount for his retirement and his son’s future education. A balance between capital preservation and growth, adhering to a moderately aggressive risk tolerance is also a main goal. The return target is set in alignment with Mr. João Vieira goals and with his sustainability concerns, which has led to the inclusion of sustainability related criteria when selectin the assets to invest. This implied that the risk management approach implies the existence of specific constraints, which are outlined, to avoid non-regulated assets and leverage. The investment philosophy adopted emphasizes a disciplined, long-term approach, integrating growth investing approach with the integration of Environmental Social and Governance (ESG) factors. The strategic asset allocation is crafted to align with the client's financial goals, risk appetite and specific constraints. A detailed portfolio characterization includes the selection of equities and fixed-income securities, screened through ESG criteria and growth strategies. The final portfolio composition is expected to deliver robust performance metrics, with an average annualized return target and risk measures articulated clearly. Risk analysis encompasses both qualitative and quantitative assessments, utilizing metrics such as Value-at-Risk (VaR) and Expected Shortfall to gauge potential downturns and the overall risk exposure of the portfolio. |
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