Le Journal Financier de Luxembourg
Accueil
Home
A propos
About
Mensuel
Monthly
Fax Quotidien
Daily Fax
Archives
Search
S'abonner
Subscribe
Numérique
Digital
Contact
Lire en ligne
Online Edition
Editions Spéciales
Special Editions
Recherche
S'identifier
E-mail:
Mot de passe:
Rester connecté
Mot de passe oublié ?
Fax Quotidien
Daily Fax
mercredi 11 décembre 2019
Tous les titres
 
Fax du mercredi 11 décembre 2019 - Tous les titres
Retour
<< Article précédent
Article suivant >>
Research in Finance: On brokerage and structured product sales
It is well known that distribution channels have an impact on financial product performance, notably fund performance. Funds distributed through more intermediaries perform less. Basically, if funds are sold directly to investors they face more incentives to perform than if they are sold through brokers. In the same vein, a recent paper by Egan (2019), analyses how brokers might bias the investments of retail investors in structured products. The author studies the market for equity reverse convertible bonds. A reverse convertible bond is equivalent to a standard coupon paying bond with the exception that the final principal payment of reverse convertibles can be converted into shares of a pre-specified reference equity. The reference equity should be different from...
Cette page n'est accessible qu'aux abonnés payants.
Veuillez vous identifier si vous êtes abonnés à la consultation de nos archives.
Nous vous invitons à
souscrire un abonnement
, ou à
prendre contact avec nous
.
This page is only accessible to paying subscribers.
Please identify yourself if you have subscribed to the consultation of our archives.
We invite you to
take out a subscription
, or to
contact us
.
Ces entreprises nous font bénéficier de leur expertise en collaborant avec
Agefi Luxembourg.
These companies give us the benefit of their expertise by collaborating with
Agefi Luxembourg.