AN investor protection fund (IPF) is a confidence booster for investments but could also incentivize reckless risk taking by investors if not properly structured and managed, fund managers and corporate trustees have warned. Any such fund must, therefore, meet the fine balance of protecting investors in the event of a default while letting them know that risky appetites carry consequences, the Ghana Securities Industry Association (GSIA) has said. The President of the GSIA, Winston Nelson Jr, said in an interview that while efforts to establish the insurance mechanism for investments were necessary, an extensive sentisation exercise was required to build an investment-conscious populace. That, he said, would reduce the potential moral hazard that insuring investments could create. It would also bolster confidence and cement public trust in investments, especially following the bruises suffered by some investors in the course of the domestic debt exchange programm...