Gatzert, Nadine - In: Journal of Risk Finance 14 (2013) October, pp. 436-452
investing in a mutual fund, which is often equipped with an investment guarantee to provide downside protection. Guarantee costs …/methodology/approach – The paper compares a fund with annual and upfront premiums as well as constant guarantee costs versus the guarantee price … respect to savings premiums and guarantee costs) on risk and return of a mutual fund with otherwise given contract …