This book is essential in understanding, investing and risk managing the holy grail of investments - structured products. The book begins by introducing structured products by way of a basic guide so that readers will be able to understand a payoff graphic, read a termsheet or assess a payoff formula, before moving on to the key asset classes and their peculiarities. Readers will then move on to the more advanced subjects such as structured products construction and behaviour during their lifetime. It also explains how to avoid important pitfalls in products across all asset classes, pitfalls that have led to huge losses over recent years, including detailed coverage of counterparty risk, the fall of Lehman Brothers and other key aspects of the financial crisis related to structured products. The second part of the book presents an original approach to implementing structured products in a portfolio.Key features include:A comprehensive list of factors an investor needs to take into consideration before investing. This makes it a great help to any buyer of structured products;Unbiased advice on product investments across several asset classes: equities, fixed income, foreign exchange and commodities;Guidance on how to implement structured products in a portfolio context;A comprehensive questionnaire that will help investors to define their own investment preferences, allowing for a greater precision when facing investment decisions;An original approach determining the typical distribution of returns for major product types, essential for product classification and optimal portfolio implementation purposes;Written in a fresh, clear and understandable style, with many figures illustrating the products and very little mathematics.This book will enable you to better comprehend the use of structured products in everyday banking, quickly analyzing a product, assessing which of your clients it suits, and recognizing its major pitfalls. You will be able to see the added value versus the cost of a product and if the payoff is compatible with the market expectations.

这本书是必不可少的理解，投资和风险管理的圣杯投资-结构性产品。这本书首先通过一个基本的指南介绍结构化产品，这样读者将能够理解一个支付图形，阅读一个条款清单或评估一个支付公式，然后再转移到关键资产类别及其特点。读者将继续学习更高级的课程，如结构化产品的构造和他们一生中的行为。它还解释了如何避免所有资产类别产品中的重要陷阱，这些陷阱近年来导致了巨大损失，包括交易对手风险的详细覆盖范围、雷曼兄弟（Lehman Brothers）的破产以及与结构性产品相关的金融危机的其他关键方面。本书的第二部分介绍了在投资组合中实施结构化产品的一种新颖方法。主要特点包括：投资者在投资前需要考虑的因素的综合列表。这使它成为一个巨大的帮助，任何买家的结构性产品；对不同资产类别的产品投资提供公正的建议：股票、固定收益、外汇和大宗商品；指导如何在投资组合环境中实施结构化产品；一份全面的调查问卷，有助于投资者确定自己的投资偏好，从而在面对投资决策时更为精确；确定主要产品类型的典型回报分布的原始方法，对于产品分类和最佳投资组合实施目的至关重要；本书以一种新颖、清晰、易懂的风格写成，用大量的数字来说明产品，很少用到数学知识。这本书将使你更好地理解结构化产品在日常银行业务中的使用，快速分析产品，评估它适合哪些客户，并认识到它的主要缺陷。你将能够看到产品的附加值与成本的对比，以及回报是否符合市场预期。