Advisers need to be able to assess portfolio and fund risks for their clients. Market risk is often seen as variability in returns, or volatility, although this has limitations. Value-at-Risk (VaR) addresses losses but needs to be correctly understood to appreciate its strengths and weaknesses. VaR relates to uncertainties in returns, probabilities, magnitudes of adverse outcomes and relationships between assets.
|Number of pages
|DISCUS (Discretionary Investment Services Coming Under Scrutiny) platform article
|Published - 28 Feb 2019
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)