forms risks of individual investments (securities), conservative, moderate (balanced)
and aggressive.
In addition, in our opinion, an investment portfolio can be formed both in order
to achieve one definite strategic goal and to ensure implementation of a number of
strategic goals. Depending on the number of strategic goals that are put into the
formation of an investment portfolio, it is appropriate to distinguish between single-
purpose and multi-purpose (combined) portfolios. Single-purpose investment portfolio
is a portfolio that is designed so that the composition of investments or financial
instruments of investment was selected as a criterion for achieving one of the strategic
objectives. Multi-purpose portfolio is an investment portfolio, which provides for the
simultaneous achievement of several strategic goals of its formation. Thus, the main
variants of multi-purpose types of investment portfolios should be: aggressive portfolio
focused on profit; aggressive growth-oriented portfolio; a moderate portfolio oriented
towards profit; moderate portfolio, oriented towards growth; a conservative portfolio
focused on profit; conservative growth-oriented portfolio.
Also, it should be noted that before investing directly or in the securities of issuers
that are rotated in the financial market, it is necessary to determine the structure of
investments by class of investments and the selection of proportions in which these
investments will be distributed. To implement their distribution, it is expedient to use
the hierarchy analysis method, which has been successfully used to solve various
practical tasks and, in particular, tasks of multicriterial optimization. This method
consists in decomposition of the problem into simpler components and further
processing of the sequence of judgments of experts in paired comparisons. As a result,
the relative degree of interaction of elements in the hierarchy, expressed quantitatively,
can be displayed. The method includes procedures for synthesizing many judgments,
obtaining criteria priority and finding alternate solutions. It is important that the values
thus obtained are estimates on a scale of relations that can be easily estimated,
compared and interpreted.
Stage 7. Evaluation of the results of the investment strategy implementation. In
our view, this stage is appropriately detailed in two steps:
Stage 7 (a) – Evaluation of a quality level of the investment potential of the
institute-investor, which should include:
- firstly, the zonal ranking of the quality level of the investment potential of the
institute-investor in the financial market, which, in a generalized form, positions the
degree of implementation of the institution's ability to carry out investment activities;
- secondly, an integral estimation of a number of factors that are different in
content, units of measure, weight and other characteristics, which are summarized in
one indicator, which reflects the level of quality of using the investment potential.
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