Login | Register

Use of exchange traded derivatives by Canadian pension funds and investment management firms

Title:

Use of exchange traded derivatives by Canadian pension funds and investment management firms

Amarasekera, Gowri S (2007) Use of exchange traded derivatives by Canadian pension funds and investment management firms. Masters thesis, Concordia University.

[img]
Preview
Text (application/pdf)
MR34731.pdf - Accepted Version
2MB

Abstract

This study examines the use of exchange traded derivatives by pension funds and investment management firms to explore the factors limiting the growth of Canadian exchange traded derivatives. Using survey data on investment management firms we investigate various aspects of derivatives use by these firms. An interesting finding is that even though a majority of the firms are permitted to use derivatives, only a few actually use them. This result implies that conclusions drawn with data from sources like N-SAR forms, which include information on permission to use different types of derivatives but not the actual use of such instruments, may be unreliable. The statistical analyses performed using the Canadian Pension Fund Investment Manager Database and the Canadian Pension Fund Database demonstrate that derivatives are used by a few large institutional investors with internal expertise and that exchange traded derivatives are less popular among them. We conclude that improved product designs and liquidity in the market may help increase trading on the Montreal Exchange. In addition, we believe that educating investors as well as investment professionals on derivatives is necessary for the development of the Canadian exchange traded derivatives market.

Divisions:Concordia University > John Molson School of Business
Item Type:Thesis (Masters)
Authors:Amarasekera, Gowri S
Pagination:ix, 60 leaves : forms ; 29 cm.
Institution:Concordia University
Degree Name:M. Sc. Admin.
Program:John Molson School of Business
Date:2007
Thesis Supervisor(s):Switzer, Lorne
ID Code:975754
Deposited By: Concordia University Library
Deposited On:22 Jan 2013 16:14
Last Modified:18 Jan 2018 17:41
Related URLs:
All items in Spectrum are protected by copyright, with all rights reserved. The use of items is governed by Spectrum's terms of access.

Repository Staff Only: item control page

Downloads per month over past year

Back to top Back to top