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Relative Return Performance of Different Strategies in Various Markets

March 17, 2018


Constant Mix Buy & Hold CPPI
Market Condition
Up Underperform Outperform Outperform
Flat (oscillating) Outperform Neutral Underperform
Down Underperform Outperform Outperform
Investment Implications
Payoff Curve Concave Linear Convex
Portfolio Insurance Selling Insurance None Buying Insurance
Multiplier 0 < m < 1 m = 1 m > 1
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