CPPI trend gathering speed

structured products

constant proportion portfolio insurance use in structured products increased in 2003

The emergence of constant proportion portfolio insurance (CPPI) is a growing trend in the structured product market, with four times the amount of schemes using this in 2003 as in the previous year. According to website structuredretailproducts.com, there were 20 such products launched last year compared to just five in 2002, including a five-year FTSE 100-linked CPPI offering from Halifax Life. Another successful new form of growth product, which first appeared at the end of 2002, was the tracker-style scheme, according to Robert Benson, managing director of Arete Consulting, which p...