Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/43887 
Kompletter Metadatensatz
DublinCore-FeldWertSprache
dc.contributor.authorDetering, Nilsen
dc.contributor.authorWeber, Andreasen
dc.contributor.authorWystup, Uween
dc.date.accessioned2011-01-19-
dc.date.accessioned2011-01-31T15:26:28Z-
dc.date.available2011-01-31T15:26:28Z-
dc.date.issued2010-
dc.identifier.urihttp://hdl.handle.net/10419/43887-
dc.description.abstractWe have compared the performance of savings plans within the class of difference capital guarantee mechanisms: from the stop loss to classic investments in actuarial reserve funds. CPPI strategies with different leverage factors can be viewed as a compromises between these two extremes. In bullish markets savings plans with a high equity ratio perform the best, 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 the savings plans dominates the performance, especially in typical fee structures found in the German Riester-Rente. The private investor is advised to check carefully if the federal cash payments can compensate the fees taking into account his own salary and tax situation.en
dc.language.isoengen
dc.publisher|aFrankfurt School of Finance & Management, Centre for Practical Quantitative Finance (CPQF) |cFrankfurt a. M.en
dc.relation.ispartofseries|aCPQF Working Paper Series |x27en
dc.subject.jelC15en
dc.subject.jelG11en
dc.subject.jelJ26en
dc.subject.ddc330en
dc.subject.keywordCPPIen
dc.subject.keywordstop lossen
dc.subject.keywordcapital guarantee mechanismsen
dc.subject.keywordretirement provision planen
dc.subject.keywordRiester-Renteen
dc.subject.stwRentenfondsen
dc.subject.stwPortfolio-Managementen
dc.subject.stwKapitalertragen
dc.subject.stwGarantieen
dc.subject.stwSchätzungen
dc.subject.stwDeutschlanden
dc.titleReturn distributions of equity-linked retirement plans-
dc.typeWorking Paperen
dc.identifier.ppn644241780en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:cpqfwp:27en

Datei(en):
Datei
Größe
397.55 kB





Publikationen in EconStor sind urheberrechtlich geschützt.