Auswahl der wissenschaftlichen Literatur zum Thema „Rizika investování“

This thesis deals with the investment strategy and the level of risk when investing in mutual funds under the investment advisory and fund sales through bank ČSOB as their evaluation and analysis, harmony between the investment profile of the client, the investment class fund recommendations and the level of investment risk associated with investing in mutual funds. ČSOB Inc. the banksinsurance companies, ranks among the most important and biggest financial advisory group in the Czech Republic, including sophisticated investment advice. The theoretical part describes the different investment theories, recommendations, tools, processes, methods and approach the investment adviser and the client. It summarizes and compares the most important investment concepts and theories. Synthesis methods are used, comparison and compilation and are set hypotheses. The practical part is focused on the exploration of the current investment advice, strategies and risks associated with investing, investment comparison questionnaires, according to the investment class client and follow specific investment. Furthermore, the practical part deals with the answer to the hypothesis, evaluation questionnaire, its analysis and mutual comparison with the advice of the Investment Advisor, client response and compliance with the investments made. The work focuses on the evaluation of the currently selected system for the evaluation and recommendation with respect to investment risk, profitability, volatility and portfolio diversification. The work takes into account the investment instruments used, clients motivational processes leading to the realization of investments and especially the willingness of risk-taking investor in accordance with the banking system, evaluation and approach a bank for investment advice. The purpose of this work is to establish a system for achieving the most ideal point system that determines the final investment profile of the client in relation to the risk and return on investment. Determine the extent of boundary inclusion of individual investors and investment products into product classes, understand the needs of clients, their incentives, motivation and subsequent to determine, if possible, what the best investment and advisory structure with regard to the risk of the investment. Potential investors, but also but also investment advisors, this work should help better orientate the very investment advice and help to accurately determine their investment profile in relation to the investment classes of products and determine the strategy that will truly respond to the needs of investors for the purpose of what best assessment with an acceptable risk.

The master thesis deals with collective investment possibilities in Czech Republic designed for small investors with focus on instruments carrying very low risk. The goal is to assess these possibilities and their mutual comparison according to their return and risks. Special attention is devoted to protected mutual funds, as popular instrument of risk-averse investors.

Collective investment is among the fastest growing areas of investment in financial markets. Its importance within each economy is influenced by the level of development of the capital market. The beginnings of collective investment in the Czech Republic are associated with the coupon privatization in the 90s of the last century. The basic advantages of this method of investing can include risk diversification, professional portfolio management, liquidity of the investment, regulation and tax benefits. The theoretical part describes the historical development of this business in the financial market. The systematization of collective investment was proposed according to the subject of investing, the method of returns distribution to investors, the terms of investment strategy, the investor's investment profile and according to the existing legislation. Transparent classification schemes were created for particular perspectives. The analytical part of the thesis analyzes the processes used to measure the performance of mutual funds, characterization of the risks associated with collective investment and the possible ways to hedge the foreign currency exchange rate risk. The outputs of the thesis respond to two hypotheses: H1: The monthly cost to hedge the foreign exchange risk affects the monthly performance of the mutual fund on the basis of the correlation in time series. H2: Is the information on the costs of exchange rate hedging required for quality decisionmaking for a small investor (consumer).

Thesis deals with the theme of collective investment and the impact of financial crises on mutual funds. In theoretical part collective investment is defined, as it´s subjects and classifications according to the legal identity, objective investment allignment and investment strategies. Defined are also it´s advantages and disadvantages and possible methods of meassuring mutual funds efficiency. In practical part is the impact of financial crises analyzed by means of global indices at first, which are considered as the basic statistic indicator, meassuring market trends and rates of stocks and then also by several criteria on the predefined funds categories, where is the extent of the impact of financial crises quantified and the yielding risk profiles.

This diploma thesis is engaging in investing on international stock markets and the main objective was to analyze the profit potential with consideration of possible risks. At first I have characterized international stock market and the theory of effective markets. In the second chapter I was focusing on methods that are used for stock valuations. The third chapter is comparing particular investment strategies that proved to be profitable in a long term. The secondary objective of my diploma thesis was recognition of investment risks, thus the fourth chapter is engaging in market and exchange rate risks. The fifth chapter is focusing on the hedging of exchange rate risk. I was applying obtained theoretical knowledge on a case study about BP company. All the results of the analysis were included in the final investment recommendation. The thoughts of the investment recommendation were then generalized into common investment principles.

This Master´s thesis is focused on optimizing the financing of the selected company. The thesis is divided into three main chapters. The theoretical part explains later used terms. The analytical part calculates the current financial situation of the company. The analysis detected that the selected company is managing a large money supply, which is not being utilised. Therefore the proposal shows prepared materials and the recommendation of financial products to utilise these funds.

The main object of this Diploma Thesis is according to collective investment through mutual funds formulate appropriate portfolio model for different types investors of retail banking. Theoretical part of the thesis is focuses on information and rules of investements, advantages and disadvanteges of collective investmentm fund types and their strategies. The practical part parses the selected mutual funds and then compares according to historical performance and riskiness. In the last part of it is handled by the main target. In this section are created model portfolia for individual investors, which are diversified and selected investment companies. Each of the suggestions and recommendations of the model portfolios correspond to the principles of conservative, balanced and dynamic investor.

The thesis is dedicated to the issue of the real estate market,considering it in the context of before, during and after the crisis. It deals with the property invesments through mutual funds, investment companies and unit trusts, with tax and legal benefits of these investments and their financing. It monitors all the segments of the real estate market development. Its models will cover future optimistic, pesimistic and realistic scenario of the real estate markets.

Práce popisuje ukazatele a metody hodnocení fondů kolektivního investování a tyto metody pak aplikuje na 6 vybraných zahraničních akciových podílových fondů nabízených v ČR. Zahrnuty jsou ukazatele a metody zkoumající výnosnost (např. výnosová míra, relativní výnosnost), ukazatele zkoumající riziko (např. směrodatná odchylka), poměrové ukazatele vyplývající z modelu oceňování kapitálových aktiv (CAMP) a některé doplňkové ukazatele (např. procento kladných měsíců, resp. měsíců s kladným výnosem, maximální ztráta za periodu). V práci je také porovnáváno riziko a výnos jednotlivých fondů vzhledem k benchmarku.

The diploma thesis "Real estates as an investment instrument" is focused on direct investments into real estates. There is a brief description how to invest into the real estate in general point of view, in the first chapter. Basic terms related to real estates are defined and described here as well as influencing factors. The next section consists of different types of analyses dealing with measuring investments with the help of "the magic triangle" yield, liability and liquidity. In order to provide a full range of understanding, an analytical example is also introduced. The last part of the thesis involves a comparison of investment into real estates and other investment instruments. Finally, property analysis with portfolio diversification and an anti-inflationary investment is run. The main objective of this thesis is to introduce a compact view at one of investment possibilities -- investment into real estates.