We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Some Findings on the Costs and Benefits of Mutual Fund Insurance.
- Authors
Flanigan, George B.; Balbirer, Sheldon D.; Rejda, George; Pritchett, S. Travis
- Abstract
This article examines the costs and benefits of mutual fund insurance in the U.S. Insurance against the loss of one's investment in open-ended mutual fund shares is marketed only by Harleysville Mutual Insurance Co., and is available to investors in those mutual funds that have entered into an agreement with the insurer. Since mutual fund returns tend to be highly correlated with stock market returns, one of the potential benefits from mutual fund insurance is as a hedge against sharp downturns in stock market prices. Viewing mutual fund insurance in terms of opportunity costs, the array of terminal values was partitioned into two groupings which are called a good contract period and a bad contract period.
- Subjects
UNITED States; INSURANCE; MUTUAL funds; HARLEYSVILLE Mutual Insurance Co.; INVESTORS; INSURANCE companies; STOCK prices
- Publication
Journal of Risk & Insurance, 1978, Vol 45, Issue 4, p675
- ISSN
0022-4367
- Publication type
Article
- DOI
10.2307/252250