The analogy to structured retail products is a good one, even if the buffer funds are sometimes on the other side of the option trade. “Yield maximizing” covered-call-writing funds also belong to this group.
Clifford Asness
Clifford Asness11.8. klo 21.55
TANSTAAFL: Buffered Fund Edition The one in which we expand our analysis including taking on the weak counter-arguments offered by purveyors of this investor harming cash grab (on average and in the vast majority of cases, we can’t say for sure someone isn’t just awesome at it).
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