Providing capital protection
The use of Constant Proportion Portfolio Insurance is becoming increasingly widespread in the UK. But is an options-based approach preferable? Robert Benson examines the pros and cons of each approach
At the time, the use of Constant Proportion Portfolio Insurance (CPPI) was just beginning to appear in the UK retail market. The most successful entrant at that time was Sterling Assurance, part of Zurich Financial Services, who had taken over £500
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