Application of Stock Index Futures to Dynamic Portfolio Insurance Strategy

About how dynamic portfolio insurance is studied would use stock index futures after native financial market starts the trade of stock index futures.The empirical results indicate that the application of stock index futures improves the income rate of investment and reduces the cost of trade when the fluctuation doesn't increase at the same time.In order to get the most income,the strategy should select the higher risk multiplier and lower floor in the long market,and lower risk multiplier and higher floor in both the short market and dull market.