Σύγκριση στρατηγικών ασφάλισης χαρτοφυλακίων

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Keywords
Ασφάλιση χαρτοφυλακίου ; CPPI ; OBPIAbstract
Every investor has in his portfolio such safe assets as cash, bills, bonds, etc., but also risky such as shares. Shares can play an important role as investing them with prudence and careful moves can increase the value of the portfolio. This happens, because the safe assets cannot be further used to increase the value of the portfolio. Investing in stocks though can be described as anything but easy as the stock market is a big and complex market. In which, investing in order to make a profit requires knowledge, careful and studied moves. As easily as profits can be made, losses can be made. That is why portfolio insurance strategies were created to mitigate this loss to a predetermined point with as little cost as possible.
In this master thesis we deal with two basic strategies: CPPI (Constant Proportion Portfolio Insurance) and OBPI (Option Based Portfolio Insurance) which, as its name implies, is based on options. With examples with both fictitious and real data we have shown their contribution to market fluctuations. We emphasized the great blow that the markets received with the outbreak of the coronavirus pandemic, we essentially tried to give a small "taste" of the effects of the unexpected and very difficult situation we are going through.