An Introduction to Capital Protection Strategies

Andrew Perrins

Chapter 2 in Risk, Portfolio Management and Capital Markets, 1992, pp 19-38 from Palgrave Macmillan

Abstract: Abstract The rapid growth of derivative instruments over the last decade has enabled investors to develop strategies which were not possible before. Undoubtedly the most controversial of these are strategies which aim to protect an investor’s capital against loss of value — commonly known as portfolio insurance strategies. Early in 1987 these strategies were being acclaimed as the way forward for pension fund investment, particularly in the US where new accounting regulations had come into force. Later that same year they were in some quarters being blamed for the October crash.

Keywords: Risky Asset; Equity Market; Option Strategy; Dynamic Strategy; Portfolio Insurance (search for similar items in EconPapers)
Date: 1992
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DOI: 10.1007/978-1-349-11666-9_3

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