, in bearish markets the classic insurance concept shows better returns. A stop loss strategy suffers from gap risk, whence … a CPPI strategy combines the strength of both gap risk minimization and equity ratio maximization. The effect of fees on …

What determines the risk structure of financial portfolios of German households? In this paper we estimate the … determinants of the share of financial wealth invested in three broad risk classes. We employ a new econometric approach - the so … that self-assessed appetite for risk as well as the level of wealth have strong positive effects on the riskiness of the …

likely to be installed in the near future. By applying Mean-Variance Portfolio (MVP) theory, we consider return- and risk …