A reluctant embrace


French pensions funds are, it seems, still more reluctant than many of their European peers when it comes to buying into structured products designed to hedge future cashflows against inflation. Although some have employed constant proportion portfolio insurance (CPPI) techniques, or bought structured notes linked to equities or funds of hedge funds, doubts linger regarding the effectiveness of using such products in a pension portfolio.

Typically, CPPI technology satisfies a pension fund's

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: