As the title suggests, this report examines changes in the TIPS market since their first issuance in 1997, as well as implementation issues for institutions seeking either the inflation- or deflation-hedging features of TIPS.
This report focuses on TIPS` behavior during severe economic contraction, evaluating whether a portfolio composed of equities and TIPS will weather a prolonged economic contraction as effectively as a more conventional portfolio composed of equities and nominal bonds. The report provides a supplement to our previous research report on TIPS.
This brief report examines various portfolio protection products, their risks, cost, and effectiveness.