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Betavexity : ウィキペディア英語版
Betavexity

In investment analysis, Betavexity is a specific form of convexity〔For more on topic refer to Frank Fabozzi, The Handbook of Fixed Income Securities, 7th ed., New York: McGraw Hill, 2005.〕 that is specific to the beta coefficient〔Levinson, Mark (2006). Guide to Financial Markets. London: The Economist (Profile Books). pp. 145–6. ISBN 1-86197-956-8.〕 of a long tailed investment (i.e. mortality risk). It is similar in nature to bond convexity or gamma that are exhibited in financial products such as bonds or options but is specific to portfolios replicating indices of shorter maturities.
== Investment Horizon ==

Certain investors such as insurance companies have longer term investment horizons than hedge funds which allow for investments in assets that have longer maturities. As a result these investors can invest in assets that have an inherent return component linked to the dynamic of the term of the investment.

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
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