Behind the spin

The icy cold winds that have swept the stock markets over the past three years seem to have driven a similar need for protected funds. They are clearly in demand and supply has risen to meet that need with over 300 protected fund issues last year alone. Protected funds have been around for years - indeed, risk management options have existed for as long as there has been the concept of risk. However, it is clear that for the first time in a long time a rise in demand for protected funds has coincided with an incredibly sharp decrease in the cost of options. Spinning out of control T...