E risk and returns has attracted much attention from academics and practitioners. Three benefits of using futures are usually identified: Speculation, through which portfolio managers hope to profit by buying or selling contracts; arbitrage, through which managers take advantage of price inconsisten
Portfolio insurance with stock index futures
β Scribed by John J. Merrick Jr.
- Publisher
- John Wiley and Sons
- Year
- 1988
- Tongue
- English
- Weight
- 970 KB
- Volume
- 8
- Category
- Article
- ISSN
- 0270-7314
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
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This research was partly funded by a grant from the Coordinating Council of Business Studies at Rutgers University. We gratefully acknowledge the superb research assistance of Steve Alessandrini, and the comments of two anonymous referees. This paper was presented at the 1990 meeting of the Northern
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