IDEAS home Printed from https://ideas.repec.org/p/zbw/fsfmwp/62.html
   My bibliography  Save this paper

Wertsicherungsstrategien für das Asset Management

Author

Listed:
  • Kluß, Norbert
  • Bayer, Marcus
  • Cremers, Heinz

Abstract

The aim of portfolio insurance strategies is to put a floor on the value of a stock portfolio by progressively selling stocks and buy safe, short-term debt securities as stock prices fall. This paper analyzes the current static and dynamic methods in use and explains their pros and cons.

Suggested Citation

  • Kluß, Norbert & Bayer, Marcus & Cremers, Heinz, 2005. "Wertsicherungsstrategien für das Asset Management," Frankfurt School - Working Paper Series 62, Frankfurt School of Finance and Management.
    • Handle: RePEc:zbw:fsfmwp:62
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/27822/1/498525562.PDF
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    static and dynamic portfolio insurance strategy; stop loss strategy; protective put strategy; bond call strategy; synthetic put strategy; covered short call strategy; constant proportion portfolio insurance;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G19 - Financial Economics - - General Financial Markets - - - Other

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:fsfmwp:62. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/hfbfide.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.