Access restricted to students and staff of home institution
master's thesis
30   3
Interest rate immunization for the government bonds of republic of Croatia
Valentina Jaklenec (2015)
University of Zagreb
Faculty of Economics and Business
Metadata
TitleKamatna imunizacija državnih obveznica Republike Hrvatske
AuthorValentina Jaklenec
Mentor(s)Davor Zoričić (thesis advisor)
Abstract
Državne obveznice Republike Hrvatske emitirane su na domaćem i stranom tržištu. U radu su analizirane državne obveznice na domaćem tržištu kojima se trguje na Zagrebačkoj burzi. U te obveznice u najvećoj mjeri ulažu mirovinski fondovi zbog zakonske regulative koja polazi od toga da je riječ o domaćim vrijednosnim papirima najvišeg stupnja sigurnosti. Nakon njih slijede obveznički investicijski fondovi i banke. Cilj ovog rada je prikazati kako kako se kamatnom imunizacijom može se eliminirati kamatni rizik prilikom ulaganja u državne obveznice i kreirati kamatno imuniziran portfelj obveznica. Pritom će se koristiti koncept trajanja i kamatne imunizacije na primjerima državnih obveznica koje su predmet trgovanja na Zagrebačkoj burzi.
Keywordsgovernment bonds Zagreb Stock Exchange portfolio investment interest rate immunization
Parallel title (English)Interest rate immunization for the government bonds of republic of Croatia
Committee MembersDenis Dolinar (committee chairperson)
Andrija Sabol (committee member)
GranterUniversity of Zagreb
Faculty of Economics and Business
PlaceZagreb
StateCroatia
Scientific field, discipline, subdisciplineSOCIAL SCIENCES
Economics
Study programme typeuniversity
Study levelgraduate
Study programmeBusiness Economics
Academic title abbreviationmag. oec.
Genremaster's thesis
Language Croatian
Defense date2015-09-30
Parallel abstract (English)
Governmetnt bonds of Republic of Croatia are issued at domestic and forgein markets. The paper analyzes government bonds at domestic market traded on the Zagreb Stock Exchange. The largest investors in this bonds are persion fonds becuase of law regulations which stems from the fact that government bonds are the safest securities. After pension fonds, in government bonds are investing bond mutual fonds and banks. The purpose of the paper is to show how interest rate immunization eliminates interest rate risk during investing in bonds and how to create protected portfolio. That will be achieved by using the concepts of duration and interest rate immunization at the example of government bonds traded on the Zagreb Stock Exchange.
Parallel keywords (Croatian)državne obveznice Zagrebačka burza portfelj ulaganje kamatna imunizacija
Resource typetext
Access conditionAccess restricted to students and staff of home institution
Terms of usehttp://rightsstatements.org/vocab/InC/1.0/
URN:NBNhttps://urn.nsk.hr/urn:nbn:hr:148:573164