"Strat\u00E9gia imuniz\u00E1cie portf\u00F3lia komun\u00E1lnych fondov" . "Kanderov\u00E1, M\u00E1ria" . "SK - Slovensk\u00E1 republika" . "P(GAP403/10/1892)" . "Forum Statisticum Slovacum" . . . . . "6"^^ . . "http://www.ssds.sk/casopis/archiv/2011/fss0511.pdf" . . . "1"^^ . "Strat\u00E9gia imuniz\u00E1cie portf\u00F3lia komun\u00E1lnych fondov" . . "1"^^ . "Kanderov\u00E1, M\u00E1ria" . . . "RIV/61858307:_____/11:#0000038" . "232476" . . . "Strategy of municipal bond portfolio immunization"@en . . "1336-7420" . "Duration, convexity, yeild to matury, term structure of interest rates, immunization, immunization of risk"@en . "VII" . "[1EAA9BB28D01]" . . "Komun\u00E1lne dlhopisy s\u00FA jednou z mo\u017Enost\u00ED financovania verejn\u00FDch invest\u00EDci\u00ED. Pre komun\u00E1lneho mana\u017E\u00E9ra, rovnako jako pre investora (tj. vlastn\u00EDka komun\u00E1lneho dlhopisu) je u\u017Eito\u010Dn\u00E9 pozna\u0165 met\u00F3dy oce\u0148ovania dlhopisu, krit\u00E9ria v\u00FDpo\u010Dtu n\u00E1vratnosti, rovnako ako mo\u017Enosti investovania vo vz\u0165ahu k zmen\u00E1m na trhu \u00FArokov\u00FDch sadzieb. Cie\u013Eom pr\u00EDspevku je pouk\u00E1za\u0165 na mo\u017Enosti vytvorenia portf\u00F3lia komun\u00E1lnych dlhopisov v \u0161trukt\u00FAre umo\u017E\u0148uj\u00FAcej dosiahnuite ur\u010Ditej miery n\u00E1vratnosti nevyhnutnej pre splatenie bud\u00FAcich z\u00E1v\u00E4zkov bez oh\u013Eadu na zmeny na trhu \u00FArokov\u00FDch sadzieb." . . "RIV/61858307:_____/11:#0000038!RIV12-GA0-61858307" . "5" . . . "Strategy of municipal bond portfolio immunization"@en . . "Municipal bond issue is one of possible ways of financing public investment. For the municipal financial manager as well as for the investor himself (i. e. the municipal bond holder) it is vital to know the method of their pricing, the criteria of their return calculations well as the possibility of hedging bond portfolio returns against the changes of the market interest rate. The aim of the contribution is to stress out a possibility of bond portfolio creation in the structure permitting to achieve a certain level of return necessary for the redemption of the future liabilities respect less of the course of the market interest."@en .