Hello dear readers,
Last week, we have yet again spent at one single desk only, namely Investments, also known as Asset & Wealth Management.
Even though it was “only” a single desk for the entire week, it turned out to be a mixture of the previous desks. At Investments, they are creating investment packages consisting of both equity and bonds as well as other products.
Hence, we have had great use of the knowledge, we have gained at the previous desks such as Equity and Credit Research and Sales, FX and more. For example, we have now learned even more about different kinds of corporate bonds. We have also learnt completely new things, such as how one should think when deciding upon an investment portfolio and what a structured product is.
Stock and corporate bond picking
The case of the week was to allocate a pension fund’s money to different asset classes. The assignment had various prerequisites regarding portfolio weights and required return. We did both stock and corporate bond picking to create a diversified portfolio, while still leaving some cash to be flexible and be able to invest when any optimistic opportunity appears.
To boost the portfolio returns and cash flows as well as manage the risk in a good way, we decided to add some covered calls and structured products to the mix as well.
We would like to compare the desk to the Swedish candy “Gott och blandat”, where you get a little taste of everything. A nice mixture.
This is our second to last week and we decided to finish it up with a sunny rooftop lunch together with the investments team.
Next week will be our last one at Nordea, and we will spend it with the Macro team. We are really looking forward to it – but then again, also really sad to say good bye!
Have a nice weekend!
/Johanna, Anna & Gabriella
Don’t miss out on some of the previous blogs from our summer interns in Sweden, click, quiz and learn.
The information provided within this website is intended for background information only. The views and other information provided herein are the current views of Nordea Markets as of the date of publication and are subject to change without notice. The information provided within this website is not an exhaustive description of the described product or the risks related to it, and it should not be relied on as such, nor is it a substitute for the judgement of the recipient.
The information provided within this website is not intended to constitute and does not constitute investment advice nor is the information intended as an offer or solicitation for the purchase or sale of any financial instrument. The information provided within this website has no regard to the specific investment objectives, the financial situation or particular needs of any particular recipient. Relevant and specific professional advice should always be obtained before making any investment or credit decision. It is important to note that past performance is not indicative of future results.
Nordea Markets is not and does not purport to be an adviser as to legal, taxation, accounting or regulatory matters in any jurisdiction.
The information provided within this website may not be reproduced, distributed or published for any purpose without the prior written consent from Nordea Markets.