Date of Publication

8-2020

Document Type

Master's Thesis

Degree Name

Master of Science in Financial Engineering

Subject Categories

Finance and Financial Management

College

Ramon V. Del Rosario College of Business

Department/Unit

Financial Management

Thesis Adviser

Michael Gines Munsayac

Defense Panel Chair

Edwin Valeroso

Defense Panel Member

Soleil Baria
Rene Cuartero

Abstract/Summary

The Hospitalization, Pension, and Education (HOPE) Flexible Plan was designed to help OFWs achieve long-term financial security. Building on the existing PERA and the BPT-MA framework, the Plan allows investors to elect different tracker funds to match their risk appetite and aspiration for each wallet with added tax benefit. Using a combination of parametric and non-parametric tests, comparison against alternative portfolios showed that while all portfolios meet low to moderate aspirations, Moderate to Aggressive variants of the Plan do so significantly more efficiently than the similarly structured SSS PESO Fund and the low volatility Time Deposit instrument. These variants were also able to meet high aspirations when invested in bonds or stocks.

Abstract Format

html

Language

English

Format

Electronic

Keywords

Trusts and trustees

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Embargo Period

8-10-2022

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