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Empirische Analyse alternativer Investmentstrategien zum Zweck der Alterssicherung

Empirische Analyse alternativer Investmentstrategien zum Zweck der Alterssicherung

          
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About the Book

Inhaltsangabe: Einleitung: Im Mai 2001 wurde das "Gesetz zur Reform der gesetzlichen Rentenversicherung und zur Förderung eines kapitalgedeckten Altersvorsorge Vermögens (AvmG)" durch den deutschen Gesetzgeber verabschiedet. Das Ziel dieses Gesetzes ist die Förderung der privaten Altersvorsorge mit staatlichen Zulagen oder Sonderausgabenabzug. Spätestens seit der Verabschiedung der sog. „Riester-Rente" sollte jeder deutsche Bürger privat für seinen Ruhestand vorsorgen. Dabei bietet der Finanzmarkt eine kaum überschaubare Anzahl an möglichen Produkten und Investmentstrategien. Diese Arbeit untersucht einige ausgewählte Investmentstrategien auf ihre Eignung für eine Altersvorsorge. Der Gesetzgeber hat für die Zertifizierung der Altersvorsorgeprodukte nach dem AvmG unter anderen die nominale Kapitalerhaltung vorausgesetzt. Dies wird das Hauptkriterium bei der Untersuchung der verschiedenen Strategien für die Altersvorsorge sein. In Kapitel 2 werden zunächst die Annahmen für die Untersuchung getroffen. Dabei werden im zweiten Unterkapitel die zu untersuchenden Kennzahlen festgelegt und vorgestellt. Hier wird insbesondere auf das Konzept der Shortfall-Maße eingegangen, die als asymmetrische Risikomaße die Gefahr eines Verlustes besser als die symmetrische Volatilität beschreiben. Es wird ein risikoaverser Privatanleger betrachtet, dessen oberstes Ziel der nominale Kapitalerhalt ist. Das bedeutet, dass jede Strategie, die dieses Ziel verfehlt, für die Altersvorsorge als nicht geeignet angesehen wird. Als weiteres Auswahlkriterium wird das erwartete Endvermögen gewählt. Es wird eine Einmalanlage von 1.000 Euro und eine kontinuierliche Anlage von jährlich vorschüssig 1.000 Euro in die jeweilige Strategie betrachtet. Die Laufzeit der Sparpläne beträgt bis zu 30 Jahre. In Kapitel 3 werden die verschiedenen Investmentstrategien und deren Ergebnisse aus der Simulation vorgestellt. Gleichzeitig findet eine Vorauswahl der für eine Altersvorsorge geeigneten Strategien statt,


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Product Details
  • ISBN-13: 9783838689692
  • Publisher: Diplom.de
  • Binding: Paperback
  • Language: German
  • Returnable: N
  • Spine Width: 6 mm
  • Width: 148 mm
  • ISBN-10: 3838689690
  • Publisher Date: 23 Aug 2005
  • Height: 210 mm
  • No of Pages: 94
  • Series Title: German
  • Weight: 136 gr


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