Composite (finance)
In the financial sector , a composite or a peer group describes the combination of different, but structurally more or less similar (securities) portfolios into a group. The narrower the framework for the same characteristics, the lower the number of comparable products within a group. Composites or peer groups are used to create comparisons, e.g. B. the performance of various equity portfolios. In order to evaluate the success or failure of a security, a “basket” of similar products (e.g. taking into account the investment objective, the portfolio structure, the degree of currency hedging or the term of bonds) is put together, which is then used as a reference or benchmark for the evaluation serves.
The two terms are only partly used synonymously . In some areas, a peer group describes the comparison with competing products, while a composite summarizes and analyzes the products of a company in different groups.
Subprime
The sharp increase in the granting of subprime real estate financing from 2006 onwards prompted US banks to bundle large parts of these loan receivables - sometimes combined with prime loans - into securities-like, easily transferable CDOs ( collateralized debt obligations ) or similar structured forms of financing and at the same time to securitize and, with an attractive rating from external rating agencies , to sell to European or Asian banks. This internationalized a hitherto purely American risk.
swell
- ↑ Svetlana Motovilova: Measurement, presentation and analysis of investment performance - current challenges and developments in Switzerland. 2005, p. 5. ( Memento of the original of September 27, 2007 in the Internet Archive ) Info: The archive link was automatically inserted and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
