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- Title
HOW TO PICK A SYNTHETIC GIC.
- Authors
KREBS, C. ROBERT
- Abstract
This article reports on an alternative to traditional guaranteed investment contracts (GIC), which are part of many pension funds. Several GICs have struggled prompting a rise in popularity of synthetic GICs, which offers greater safety through better diversification and the potential for higher returns. However, the author cautions that not all synthetic GICs are the same. Some executives suffered losses by thinking the book-value wrap of a GIC was a commodity. The book-value wrap helps insulate investors from market volatility. INSET: WHEN IGNORANCE ISN'T BLISS..
- Subjects
GUARANTEED investment contracts; PENSION trust management; INSURANCE company investments; PENSION trusts; PORTFOLIO management (Investments); FINANCIAL markets
- Publication
Financial Executive, 1994, Vol 10, Issue 6, p24
- ISSN
0895-4186
- Publication type
Article