1. Professional Investors approach
November 2017

2. Investor types
The investment decision process depends to the investor type.
Criteria and the approach vary significantly.
Individual investors
Institutional investors

3. Investor types individual
Depends on the risk appreciation
Conservative: risk averse
Moderately Conservative: willing to take on some amount of risk
Moderate Aggressive: similar as aggressive with less risks
Active: invest mainly in stock markets
Emotional: attracted to fashionable investments
Busy: need to be involved with the markets
Casual: a laid-back attitude to investment, often hardworking and involved with work or family

4. Investor types institutional (ex-public)
Depends on in-house process
Own Investment Philosophy
Own Investment Process
Corresponding schemes Investment policy
Corresp. investment selection and monitoring
(check-lists…)
Commercial banks
Insurance company
Charity trusts or association
Traditional Mutual Funds
Hedge Funds

5. Investor types institutional (ex-public)

6. Main rule
In case of acceptance of higher risk, a couple of rules are verified.
Closest case to South-East Europe countries:
No institutional investors:
Country risk
Small market area
Liquidity
Currency
Inadequacy between investor investment and monitoring process with local working approach
Private individual or corporate investor

7. If you are the investor? Gain Risk
What a country makes more attractive for you?
What real differences between Latvia and Lettonia ?
Same in the other way:
Investors do not care about nationality
Investors do not care about friendship
But do care about:
Stability – visibility
Make money
Gain
Risk

8. Distressed Investments
Gain/Risk ratio
Distressed Investments
Return
Attractive
Decision Prime
Traditionnal
Unattractive
Risk free (1%-2%)
Risk

9. Investments per Gain/Risk ratio

10. Gain/Risk ratio Where your investment is ? Distressed Investments
Return
Attractive
Decision Prime
Unattractive
Traditionnal
Risk free (1%-2%)
Risk

11. Gain/Risk ratio Where your investment is ? Distressed Investments
Return
Attractive
Decision Prime
Unattractive
Traditionnal
Risk free (1%-2%)
Risk
Stability
professional project management
controlled off-the records involvement

12. Fundamental Indicators Economic & Financial

13. GDP growth rate

14. Public Debt (%GDP)

15. Inflation

16. National Savings (%GDP)

17. FX Rates

18. Belgium Luxembourg Hong Kong Drève Richelle 161 Bte 63 B-1410 Waterloo
Tel : + 32 (0) Fax : + 32 (0)
Luxembourg
Place de Paris 2 L-2314 Luxembourg
Tel :
Hong Kong
Yotei Advisors (HK) Limited
Suite Chinachem Hollywood Centre
1-13 Hollywood Road, Central, Hong Kong
Tel :
advisors.com