<?xml version="1.0" encoding="utf-8"?>
<!DOCTYPE article PUBLIC "-//NLM//DTD JATS (Z39.96) Journal Publishing DTD v1.0 20120330//EN" "JATS-journalpublishing1.dtd">
<article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" article-type="article">
  <front>
    <journal-meta>
      <journal-id journal-id-type="publisher-id">jssi</journal-id>
      <journal-title-group>
        <journal-title>Journal of Security and Sustainability Issues</journal-title>
      </journal-title-group>
      <issn pub-type="epub">2029-7017</issn>
      <issn pub-type="ppub">2029-7017</issn>
      <publisher>
        <publisher-name>LKA</publisher-name>
      </publisher>
    </journal-meta>
    <article-meta>
      <article-id pub-id-type="publisher-id">JSSI627</article-id>
      <article-id pub-id-type="doi">10.9770/jssi.2016.6.2(7)</article-id>
      <article-categories>
        <subj-group subj-group-type="heading">
          <subject>Article</subject>
        </subj-group>
      </article-categories>
      <title-group>
        <article-title>Towards Sustainable Financial Markets: Impact of Structured Securities on Portfolio Management</article-title>
      </title-group>
      <contrib-group>
        <contrib contrib-type="author">
          <name>
            <surname>Bikas</surname>
            <given-names>Egidijus</given-names>
          </name>
          <email xlink:href="mailto:egidijusvln@gmail.com">egidijusvln@gmail.com</email>
          <xref ref-type="aff" rid="j_jssi_aff_000"/>
        </contrib>
        <aff id="j_jssi_aff_000">Vilnius University, Faculty of Economics, Sauletekio 9 LT-10223, Vilnius, Lithuania</aff>
        <contrib contrib-type="author">
          <name>
            <surname>Bikas</surname>
            <given-names>Edgaras</given-names>
          </name>
          <email xlink:href="mailto:edgaras.bikas@gmail.com">edgaras.bikas@gmail.com</email>
          <xref ref-type="aff" rid="j_jssi_aff_001"/>
        </contrib>
        <aff id="j_jssi_aff_001">Utrecht University, School of Economics, Domplein 29, 3512 JE Utrecht, The Netherlands</aff>
      </contrib-group>
      <volume>6</volume>
      <issue>2</issue>
      <fpage>275</fpage>
      <lpage>288</lpage>
      <pub-date pub-type="ppub">
        <day>30</day>
        <month>12</month>
        <year>2016</year>
      </pub-date>
      <pub-date pub-type="epub">
        <day>30</day>
        <month>12</month>
        <year>2016</year>
      </pub-date>
      <permissions>
        <ali:free_to_read xmlns:ali="http://www.niso.org/schemas/ali/1.0/"/>
      </permissions>
      <abstract>
        <p>Financial globalization created an environment for structured product development in financial markets. With the help of these instruments it is possible to transform an asset into a new investment vehicle, that opens new investment possibilities for risk averse investors, along with those investors who are searching for higher yield. This paper analyses different structured products and their influence on investment management using ratio analysis, Markowitz portfolio optimization model and Monte Carlo simulation. Analysis revealed that structured products have a significant positive effect on investment management on diversification and yield enhancement sides.</p>
      </abstract>
      <kwd-group>
        <label>Keywords</label>
        <kwd>sustainable financial markets</kwd>
        <kwd>portfolio management</kwd>
        <kwd>structured products</kwd>
        <kwd>securitization</kwd>
      </kwd-group>
      <kwd-group kwd-group-type="JEL">
        <label>JEL</label>
        <kwd>G1</kwd>
        <kwd>G11</kwd>
        <kwd>G12</kwd>
      </kwd-group>
    </article-meta>
  </front>
</article>
