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Effect of age and gender factors on the investor-s risk pProfile
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| 3.19 MB | Adobe PDF |
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This consulting project, Client risk profile – the Portuguese case, commissioned by BPI Asset
Management, investigates the most relevant factors that determine the risk aversion of
Portuguese investors. Using qualitative and quantitative research methods, we demonstrate
why the average Portuguese citizen tends to be excessively risk-averse compared to their
European peers. The quantitative analysis was based on our survey’s results. A multiple linear
regression using various factor variables allowed us to analyze the effect of each factor on the
Portuguese investor’s risk aversion and the correlation between them. Next, individual
portfolios were designed for the different risk profiles, maximizing return while respecting the
maximum drawdown desired by the investors and calculating the VaR. Afterward, a deeper
dive into each factor is explained to better understand its effect on risk aversion.
Descrição
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Risk aversion Gender Age Portuguese investors Risky assets