TIPP = Time Invariant Portfolio Protection

It is a portfolio insurance strategy that plays an important role in the realm of investment management and risk mitigation.

TIPP employs a more conservative methodology than CPPI, where a fixed percentage of portfolio value is guaranteed throughout the investment horizon and the risky exposure is adjusted accordingly. The main difference is that while in CPPI the floor grows at a constant rate, in TIPP it is a function of the portfolio value and thus it has a path dependent nature.