At the initial issue of ETF, we invest in 180 indexes of shanghai securities market using CPPI and TIPP, and then compare their performance under different market conditions.

• 在交易型开放式指数基金ETF推出之际,应用CPPI和TIPP投资于上证180指数,并对这两种策略在不同市场走势下的表现进行了比较,给出了不同参数下两种策略的投资绩效。