| Name: | Description: | Size: | Format: | |
|---|---|---|---|---|
| 1019.88 KB | Adobe PDF |
Authors
Abstract(s)
A presente dissertação tem como principal objetivo aferir se o investidor conhece o
instrumento financeiro que subscreve, desde a composição da carteira até à volatilidade
histórica do mesmo, e, se a escolha desta se deve ao cruzamento desse conhecimento com
a sua predisposição para assunção de risco.
A permanente necessidade financeira das empresas e o crescente acesso aos mercados
financeiro, levou à emissão de um leque cada vez mais vasto e heterógeno de produtos
financeiros para a conquista de aforradores que vêm neles novas possibilidades de
investimento, cada vez mais diversificadas, e com expetativas superiores de rentabilidade.
A solução de acesso aos produtos financeiros foi sendo desenvolvida e a par dos
mercados regulamentados este desenvolvimento impulsionou a comercialização de
produtos financeiros no retalho no chamado mercado de balcão (OTC over-the-counter)
(Diretiva 2014/65/UE).
Na tentativa de corrigir a insegurança dos investidores/aforradores, as entidades de
supervisão tentaram desenvolver vários mecanismos de proteção ao cliente bancário que
estão vertidos na Diretiva 2014/65/EU do Parlamento Europeu e do Conselho de 15 de
maio de 2014. Entre eles está o teste de adequação ao perfil de investidor de realização
obrigatória e necessário para a aquisição de qualquer produto financeiro.
Neste sentido, esta dissertação propõe-se aferir se a literacia financeira que
obrigatoriamente está atestada pela necessidade de adequação de um teste de definição
de perfil de investidor corresponde ao real conhecimento da carteira, cruzando os
produtos financeiros em carteira com o conhecimento sobre os seus ativos subjacentes
através de um inquérito aos investidores não profissionais classificação dada pela Diretiva
2014/65/EU de 15 de maio.
ABSTRACT: The main objective of this dissertation is to assess whether the investor knows the financial instrument he subscribes to, from the composition of the portfolio to its historical volatility, and whether his choice is due to the intersection of this knowledge with his predisposition to assume risk. The permanent financial need of companies and the growing access to financial markets, led to the issuance of an increasingly wide and heterogeneous range of financial products to attract savers who see in them new investment possibilities, increasingly diversified, and with expectations higher profitability. The solution for accessing financial products was being developed and, along with regulated markets, this development boosted the commercialization of retail financial products in the so-called over-the-counter market (OTC over-the-counter) (Directive 2014/65/EU). In an attempt to correct the insecurity of investors/savers, supervisory entities have tried to develop various mechanisms to protect bank customers, which are laid down in Directive 2014/64/EU of the European Parliament and of the Council of May 15, 2014. the test of adequacy to the investor's profile, mandatory and necessary for the acquisition of any financial product. In this sense, this work proposes to assess whether the financial literacy that is obligatorily attested by the need to adapt an investor profile definition test corresponds to real knowledge of the portfolio, crossing the financial products in the portfolio with knowledge about its assets. underlying assets through a survey of retail investors (classification given by Directive 2014/65/EU of 15 May).
ABSTRACT: The main objective of this dissertation is to assess whether the investor knows the financial instrument he subscribes to, from the composition of the portfolio to its historical volatility, and whether his choice is due to the intersection of this knowledge with his predisposition to assume risk. The permanent financial need of companies and the growing access to financial markets, led to the issuance of an increasingly wide and heterogeneous range of financial products to attract savers who see in them new investment possibilities, increasingly diversified, and with expectations higher profitability. The solution for accessing financial products was being developed and, along with regulated markets, this development boosted the commercialization of retail financial products in the so-called over-the-counter market (OTC over-the-counter) (Directive 2014/65/EU). In an attempt to correct the insecurity of investors/savers, supervisory entities have tried to develop various mechanisms to protect bank customers, which are laid down in Directive 2014/64/EU of the European Parliament and of the Council of May 15, 2014. the test of adequacy to the investor's profile, mandatory and necessary for the acquisition of any financial product. In this sense, this work proposes to assess whether the financial literacy that is obligatorily attested by the need to adapt an investor profile definition test corresponds to real knowledge of the portfolio, crossing the financial products in the portfolio with knowledge about its assets. underlying assets through a survey of retail investors (classification given by Directive 2014/65/EU of 15 May).
Description
Keywords
Perfil do investidor Literacia financeira Investidor