Jiang, Chonghui; Ma, Yongkai; An, Yunbi - In: International Review of Financial Analysis 18 (2009) 4, pp. 185-197
as the constant proportion portfolio insurance (CPPI) strategies in the context of the Chinese market. The results show …, the VBPI strategy tends to outperform the CPPI strategy in terms of both the degree of downside protection and the return …