Equity markets

The real value of stock

Collars involve the payment of a variable amount of stock, depending on an average stock price. In this article, Anthony Pavlovich uses the Black-Scholes framework to value these exotic derivatives and explore issues with hedging, as well as providing an…

Absolute return volatility

The use of absolute return volatility has manymodelling benefits, says John Cotter. An illustration isgiven for the market risk measure, minimum capitalrequirements

HSBC offers capital secured growth funds

HSBC International has launched a new tranche of capital secured growth funds (CSGF). The five sub funds are the World Double Bonus Fund, Japan Growth Fund, European Growth Fund, Americas Opportunity Fund and Commodity Growth Fund.

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