haku: @indexterm INSTITUTIONAL INVESTORS / yhteensä: 153
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| Tekijä: | Blanco, J. Mueller, H. |
| Otsikko: | Put-Optionen als Instrumente der Portfolioinsurance: Investitionsstrategien fuer institutionelle Anleger? /Puts as instruments of portfolioinsurance:Investment strategies for institutional investors?/ |
| Lehti: | Schweizerische Zeitschrift für Volkswirtschaft und Statistik
1988 : VOL. 124:3, p.391-404 |
| Asiasana: | STOCK MARKETS INSTITUTIONAL INVESTORS PORTFOLIO INVESTMENT |
| Kieli: | ger |
| Tiivistelmä: | Options and the possibility of portfolio insurance can in future make stocks more attractive. This paper presents a simulation based on Swiss stock-market data which shows that portfolio insurane makes different stages possible ranging from pure stock portfolio to a risk free asset. Then Pareto-efficient risk allocations /not linear/ are analysed by means of Borch's theorem. At the end it is discussed what group institutional investors belong to. |
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