A Comparative Analysis on the Performance, Style, and Performance Persistence Between the Public Equity Funds and the Fiduciary Pension Funds

Cheong, Mun-Kyung; Sung, Hyun Mo; Kim, Hyunsoo

doi:10.22510/kjofm.2015.32.3.004

Cited by 3 publications

(1 citation statement)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…For example, for an equity-based public fund, its holding proportion cannot be lower than 60%. When it encounters systematic risks, the fund will bear the price decline caused by holding shares, while sunshine private equity funds can actively reduce or even liquidate their positions, making them more advantageous in terms of flexibility and profitability compared to public equity funds [7].…”

Section: Characteristics Of Sunshine Private Equitymentioning

confidence: 99%

Research on the Performance of China's Sunshine Private Equity Funds and the Factors Affecting Them

2023

ferm

View full text Add to dashboard Cite

With the rapid development of China's securities market, the role of sunshine private equity funds in the securities market has become increasingly prominent. However, after the initial rapid development, their quality may not be commensurate with their quantity. In the face of numerous sunshine private equity fund products in the market, investors have to distinguish those products that can maintain stable and high growth. Therefore, for high net worth individuals and institutional investors, how to choose high quality fund products becomes a very important topic. Based on this, this paper starts from the concept, operation mode and basic characteristics of sunshine private equity funds, launches a continuous comparison of the medium-term and long-term performance of sunshine private equity funds and public equity funds, and analyzes the influencing factors affecting the performance of sunshine private equity funds, and proposes management measures to optimize the performance of sunshine private equity funds for reference.

show abstract

Section: Characteristics Of Sunshine Private Equitymentioning

confidence: 99%

Research on the Performance of China's Sunshine Private Equity Funds and the Factors Affecting Them

2023

ferm

View full text Add to dashboard Cite

show abstract

Comparative Analysis on the Flow-Performance Relationship between Public Equity and Fiduciary Pension Funds

Cheong¹,

Sung²,

Kang³

2019

Korean J Financ Stud

View full text Add to dashboard Cite

Comparing the Performance and Management Style of Retirement Pension Funds before and after the Private Pension Activation Plan

Song¹,

Choi²

2021

Korean J Financ Stud

View full text Add to dashboard Cite

We analyzed and compared the performance and management style of retirement pension funds before and after the private pension activation plan (PPAP). First, we found that retirement-pension funds showed better performance than public funds before the PPAP. However, after the PPAP, the retirement-pension market size increased and the difference in performance disappeared. Second, we found that the difference between top and bottom performance group in the retirement pension fund becomes more significant after the PPAP. Third, we found that various investment strategies such as small-medium size stock investment and sector investment are offered in the retirement-pension fund only to result in the inferior performance. Finally, when we compared the management style, the retirement-pension funds showed a smaller value factor compared to public funds for the period after the PPAP. Therefore, we argue that the fund selection has become a more significant factor in determining the retirement fund performance after the PPAP. However, considering that the average retirement-pension holders’ financial knowledge is rather low, the expansion of fund choices may adversely affect the pension holder’s performance. Therefore, a retirement-pension provider’s role as fund selection authority has become more critical, and it is necessary to establish an institutional device that can manage, supervise, and monitor their activities.

show abstract

A Comparative Analysis on the Performance, Style, and Performance Persistence Between the Public Equity Funds and the Fiduciary Pension Funds

Cited by 3 publications

References 0 publications

Research on the Performance of China's Sunshine Private Equity Funds and the Factors Affecting Them

Research on the Performance of China's Sunshine Private Equity Funds and the Factors Affecting Them

Comparative Analysis on the Flow-Performance Relationship between Public Equity and Fiduciary Pension Funds

Comparing the Performance and Management Style of Retirement Pension Funds before and after the Private Pension Activation Plan

Contact Info

Product

Resources

About