金融商品投資及外幣資產配置

Abstract

目前美國FED宣示維持低利率政策至2014年年底，歐債問題又是一顆全球金融危機之未爆弾，利率過低大幅降低定存族複利效果，國內投資人存款貨幣除了台幣之外，最常持有之外幣應屬美元，外幣持有應涵蓋不同外幣資產配置，透過持有不同外幣幣別，來分散貨幣的匯率風險。

本論文目的希望透過分析投資人( 年齡、教育程度、職業、收入、風險承受度、投資經驗等)來找出客戶之投資屬性。2008年之金融危機後，資產配置更加重要，透過投資屬性分析找出個人最佳投資組合。

本文研究架構如下：一、投資市場現況及退休概念。二、目前國內投資人主要之外幣投資金融商品種類及特性。三、投資人投資屬性、理財退休缺口試算及資產配置。四、外匯投資之風險管理及法令遵循。根據個人風險接受程度給予適當之投資組合，以達到財務自由之目標。

本論文研究期間2007/03/01~2012/02/29，發現第三等級之投資屬性配置: (保守型25%)、(穩健型:50%)、(積極型25%)sharpe值最高，能創造出較高之平均超額報酬。

At present American FED declared the maintenance of low interest rate policy to the year's end of 2014. The European debt question was also an unexploded bomb of the whole world financial crisis. The low interest rate reduces largely the compound interest effect.The domestic investor deposit money besides the NT dollar, the most often to be supposed to have is the US dollar.The foreign currency allocation should be included the different foreign currency combination. Having the different foreign currency can decrease, and disperse foreign currency exchange rate risk.

The purpose of this study intended to analyze the investor (age, education, occupation, income, risk acceptance degree, investment experience, etc) to find out the investment attribute. After the 2008 financial crisis, asset allocation is more important to analyze that finds out people’s best investment combination through investment attribute.

This article studies the frame to as follows: First, investment market present situation and retired concept. Second, domestic investor’s main foreign currency investment at the finance line of commodity and characteristic at present. Third , the investor’s investment attribute, the finances calculation of retired gap and the asset allocation. Final, the risk management and law deference of the foreign exchange investment. Give the suitable investment portfolio according to individual risk receptivity, and achieve the goal of financial freedom.

The research period: 2007/03/01~2012/02/29, discovering investment attribute disposition the third rank: Conservative (25%), Steady (50%), Positive (25%), and sharpe index is highest, can create the higher average extra revenue.