This study proposes a structured product (SP) for hedging defined contribution pension fund members against capital market risk. Using Monte Carlo simulations on three different guaranteed returns to test the investment strategy of SP balanced portfolio, we measure their performance across wide variety and risk scenarios. The results show that guarantees minimal return savings portfolio offers ...

Abstract Theoretically, the conditional expectation of a square-integrable random variable Y given d -dimensional vector X can be obtained by minimizing mean squared distance between and f ( ) over all Borel measurable functions $$f :\mathbb {R}^d \rightarrow \mathbb {R}$$ f : <mml:...

Abstract&#x0D; Research Significance the subject is important since it investigates legitimacy and authority discusses according to fundamental law jurispru-dence, where most negative points are highlighted, as well justifications theories performed by jurists, in addition discussing religious theories. Motivation: research into democrat-ic non-democratic regimes critical for establishing which...